Consumer >> Analyst Interviews >> October 11, 1999

Outlook For European Tobacco Stocks : Tony Silverman – Deutsche Bank

TONY SILVERMAN is a tobacco analyst at Deutsche Bank. He graduated from Cambridge University with a degree in Mathematics, and was previously employed as a Government Actuary. He is a fellow of the Institute of Actuaries, and has co-written several academic papers on insurance. Mr Silverman is married with three children. In recent years he has followed the tobacco industry and achieved high ratings in investor surveys. Profile
TWST: Could we start from a top-down perspective and talk broadly

speaking about the sector generally? Who are the main players in it and

what is the size is the size of the sector? Is it