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Steven Craig Thomas Liechti

Senior Analyst at Deutsche Bank Ag\

Steven Craig Thomas Liechti is a Senior Analyst at Deutsche Bank AG, specializing in the coverage of major European information services and advertising companies, notably RELX and WPP. He has issued equity research and investment ratings on these firms, but his recent performance metrics, according to TipRanks, include a success rate of only 5% and an average return per transaction of -20.80%, indicating significant underperformance against benchmarks. Liechti has been active at Deutsche Bank since at least 2010, with a long-standing focus on companies like RELX, and has participated in industry conference calls and investor presentations. While he is a prominent analyst at his firm, no public record details specific securities licenses or FINRA registrations, and his primary recognition comes from published research and earnings call participation.

Steven Craig Thomas Liechti's questions to RELX (RELX) leadership

Question · Q3 2025

Steven Craig Thomas Liechti from Deutsche Bank AG asked for clarity on forward booking trends for the Events division, views on the NIH APC proposals and their potential global impact, and the positioning of the Protégé General AI product within the broader AI portfolio.

Answer

CFO Nick Luff noted good momentum in the Exhibitions division, driven by a higher value-add portfolio and digital initiatives, with no specific callouts on forward bookings. CEO Erik Engstrom explained that RELX's STM strategy adapts to evolving policies like NIH's, leveraging its high-quality content and technology. Engstrom clarified that Protégé General AI is a natural evolution, integrating broad web content within a firewalled, multi-model environment, ensuring clear trust and usage without exposing proprietary content.

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