John Higgins

Chief Markets Economist

John Higgins is Capital Economics’ Chief Markets Economist, with overall responsibility for our Capital Daily, Global Markets, Asset Allocation and FX Markets services. Prior to joining the company in 2008, he worked at Stone & McCarthy Research Associates, where he was Senior Economist covering the euro area, and before that at Nomura International plc in London, where he was Head of Economic and Credit Research within the fixed income division. John is a graduate of the University of Exeter.

Jonas Goltermann

Deputy Chief Markets Economist

Jonas Goltermann is the Deputy Chief Markets Economist at Capital Economics and heads up the FX Markets service. Jonas joined Capital Economics in 2019 from ING Wholesale Banking, where he worked in the Global Macro Research team. Before that, he worked as an economist at the Bank of England and the UK government’s Department for International Development. He holds degrees from Northwestern University, the University of Edinburgh, and the College of Europe.

Thomas Mathews

Head of Markets, Asia Pacific

Thomas Mathews is Head of  Markets, Asia Pacific focusing on bonds and equities as part of our Global Markets Service. Prior to joining Capital Economics in 2020 he worked at the Reserve Bank of Australia, in both financial markets and economics departments. Thomas holds a Master’s degree in economics from the London School of Economics, and undergraduate qualifications in economics, mathematics and philosophy.

Hubert de Barochez

Senior Markets Economist

Hubert de Barochez is a Senior Economist in the Global Markets team. Prior to joining Capital Economics, he worked as economic policy analyst at MEDEF, the main business organisation in France, and as macroeconomist at BNP Paribas. Hubert holds master's degrees in economics, finance, and engineering.

Diana Iovanel

Senior Markets Economist

Diana Iovanel is a Senior Economist in the Global Markets team at Capital Economics. She joined the firm in August 2022 from bfinance, where she worked in investment manager selection across asset classes, with a focus on equity and fixed income. Before that, she worked at East Capital Asset Management in equity research and, prior to that, at Russell Investments in multi-manager portfolio construction and equity manager research. She holds an M.Sc. in Economics from Stockholm School of Economics and a B.A. in Economics from University College London.

James Reilly

Senior Markets Economist

James is a Senior Economist on our Markets desk, contributing primarily to the Asset Allocation and Capital Daily services. He joined Capital Economics in 2021, having previously worked within the multi-asset division of Schroders. James holds a BSc in Economics from the University of Bath and an MSc in Financial Economics from Birkbeck, University of London.

Shivaan Tandon

Markets Economist

Shivaan Tandon joined Capital Economics in September 2022 and is an Economist in the Global Markets team. Shivaan joins from the Economist Intelligence Unit, where he worked as an analyst covering a mix of West and East European Economies in the Country Analysis Unit. He has a BA in Public Policy(Economic Policy) from Duke University in the United States.

Giulia Bellicoso

Markets Economist

Giulia Bellicoso joined the Graduate Training Program in September 2022 and now works within our Markets Team, based in London. Before joining the company, Giulia was working as an intern in the macroeconomics department of Euromobiliare Advisory SIM, a wealth management company based in Milan. She holds an undergraduate degree in International Economics and Finance and a master’s degree in Economic and Social Sciences from Bocconi university. While studying, she took part in the exchange program at the Yale-NUS college in Singapore, and she worked as a Research Assistant for the Bocconi finance research center, BAFFI CAREFIN. She speaks fluent Italian, Spanish and French.

Ruben Gargallo Abargues

Assistant Economist

Ruben joined Capital Economics as an Assistant Economist on the graduate scheme in September 2023. He has a master’s degree in International Trade, Finance and Development from the Barcelona School of Economics. Previously, he worked at BBVA Research in the Digital Economy Unit.