Martin Brough

Martin leads Oxera's work in energy, specialising in analysis of the implications of commercial, political and regulatory responses to the challenges facing the energy sector.

Martin previously worked as Director in the Pan-European Utilities equities research team at Dresdner Kleinwort Wasserstein (2000-06), which was consistently one of the top-ranked teams in the sector. He was the top UK stockpicker among 1,100 analysts across all sectors in terms of the performance of his recommendations in both 2002 and 2003, winning the UK StarMine/Sunday Times award in both years.

From 1998 to 2000, he was a UK utilities equities research analyst with Commerzbank. There, he initiated coverage on the UK energy sector in 1999 with a report, 'Pulling the Plug on Generation', correctly anticipating the collapse in UK electricity wholesale prices and the negative impact on the UK generation companies.

Martin previously worked for Oxera (1993-98), specialising in the energy sector. He built up the energy wholesale modelling business, and worked for companies in the electricity, gas, water, transport and telecoms sectors, government departments and agencies, large industrial companies, regulators and financial institutions.