Financial Services >> Analyst Interviews >> December 8, 2003

Outlook For Large Cap Banks: Brock Vandervliet – Lehman Brothers

Brock Vandervliet is Vice President and an analyst at Lehman Brothers. Mr. Vandervliet joined Lehman Brothers in July 2000 and was initially responsible for coverage of the smaller mid-cap banks, up to $7 billion in market capitalization. In this position, he was identified as 'Best Up and Comer' in the 2001 poll by Institutional Investor magazine and was ranked as a runner-up in the Mid-Cap Bank II-category in the 2002 poll. He was elevated in July 2002 to cover the diversified banks, trust banks and securities processors including Citigroup and JP Morgan Chase. Immediately prior to joining Lehman Brothers, Mr. Vandervliet was an analyst at Salomon Smith Barney from October 1999. Before joining Salomon, he was a member of the equity research department at Keefe, Bruyette & Woods, a bank stock boutique, from April 1996. Initially, he began as an associate in support of an analyst covering Midwest banks and thrifts before covering small-cap banks in the region independently. Mr. Vandervliet began his career in New York, spending over two years at the Loan Pricing Corporation, a commercial bank consulting firm and subsidiary of Reuters. He received a BA from Dickinson College which he attended on a four-year Army ROTC scholarship and an MBA and a Master's in Public Policy from the University of Maryland. A native of Connecticut, he currently resides in Manhattan. Profile
TWST: What's going on at the bigger banks so far this year from a market


Mr. Vandervliet: The group has really come alive and basically we think

of the group as consisting of Bank