Emmanuel Pezier

About

Overview

Manu joined Cass in 2016 after a 25-year career in investment banking. He had previously worked at Goldman Sachs, HSBC and JP Morgan in New York and London in a variety of roles including head of equity syndicate, head of equity-linked, head of equity capital markets and latterly in Financial Sponsor/Hedge Fund coverage and equity advisory. His areas of expertise include IPOs, follow-ons, rights issues, blocks, SPACs, permanent capital vehicles, convertibles, equity derivatives, PIPES and capital introductions. He gained a B.A. (First Class) from Magdalen College, Oxford where he was a scholar in Philosophy & Modern Languages and a member of university rugby and rowing squads, before completing military service at the Ecole de l'Air in Salon-de-Provence. He lives in Sussex with his wife and four children.

Research

Title of thesis: Do Independent Advisers Mitigate IPO Underpricing and Withdrawals in Europe?

Sep 2017 – Jun 2018

Summary of research

With data on European IPOs from 2010 to July 2017, we examine the links between underpricing, IPO withdrawals and adviser monitoring intensity.

Title of thesis: Estimating the Long-Term Effects of Activism Using a Natural Experiment in UK Small-Cap Stocks

Sep 2017 – Jun 2019

Summary of research

With private data, we perform a forensic study of a UK activist managing a value realisation fund in UK small-cap stocks.