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    Carlos Gomes-Lopez

    Vice President and Analyst at HSBC Holdings plc

    Carlos Gomes-Lopez is a Vice President and Analyst at HSBC Holdings plc, specializing in equity research within the European financial services sector. He covers major companies such as Barclays, Lloyds Banking Group, and Santander, consistently generating insightful investment recommendations recognized for their accuracy. With over a decade of experience, he began his career at Citi in 2014 before joining HSBC in 2019, where he has been instrumental in refining coverage models for financial stocks. Gomes-Lopez holds multiple securities licenses, is FINRA registered, and has been acknowledged for his sharp sector analysis and strong performance metrics.

    Carlos Gomes-Lopez's questions to Marex Group (MRX) leadership

    Carlos Gomes-Lopez's questions to Marex Group (MRX) leadership • Q3 2024

    Question

    Carlos Gomes-Lopez of HSBC asked for clarification on the tax rate applicable to the NII sensitivity. He also questioned whether potential easing of capital rules for U.S. banks could increase their appetite to re-enter the clearing business and compete with Marex.

    Answer

    CEO Ian Lowitt clarified the firm's tax rate should normalize to around 25% in the medium term, after being elevated in the current year by non-deductible IPO costs. He expressed skepticism that regulatory changes would cause banks to 'stampede' back into clearing, arguing their exit was driven more by strategy and skill set alignment rather than purely capital rules.

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