Kato is a former Partner and Head of Research at Exotix Partners LLP, a boutique investment bank that was named the Best Equity Bank & Best Boutique Investment Bank in Africa at the 2015 & 2016 Global Finance Awards. Previously, he was a Director and the Middle East & Africa (ex-SA) bank analyst for Citigroup Global Markets (Citi) based in Dubai, a role in which he covered 23 banks across Egypt, Kenya, Morocco, Nigeria, Oman, Portugal, Qatar and the UAE. In 2012, Kato’s Citi MENA Team was ranked No.1 in the Institutional Investor Survey and in South Africa’s Financial Mail, and he was individually ranked amongst the top three African analysts.
Prior to joining Citi, Kato worked at Renaissance Capital in Lagos, Nigeria where he was the Head of African Research (including SA). Although he was individually responsible for financial research coverage across Africa, he was also head of the research teams in Accra, Harare, Johannesburg, Lagos, Lusaka and Nairobi, which were consistently ranked highly in all institutional surveys.
Prior to joining Renaissance Capital, Kato worked at Citi as a research analyst in both the London and Madrid offices. He had primary coverage responsibilities on the Spanish large-cap banks (BBVA and Santander) and the Iberian mid-cap banking universe (Bankinter, Banesto, Popular, Sabadell, BES, BPI and BCP), and also co-covered the Nordic, Greek and French banking sectors. Before going the banking team, he spent three years covering the UK and European insurance industry with Andrew Crean, the number one ranked insurance analyst in Europe.
As a research analyst in both the insurance and banks teams, Kato performed detailed valuation analyses and financial modeling including discounted cash flows, precedent transactions, comparable company, ability-to-pay, pro forma merger and leveraged buyout analyses.
Kato played a key role in the EUR 10 billion merger of the insurance businesses of Banco Comercial Português, S.A. with Eureko B.V. and Achmea N.V. He advised Mapfre and Caia Madrid on the EUR 2.3 billion merger of their insurance businesses; advised KBC insurance on its EUR 158 million acquisition of a strategic stake in Warta; and also advised PennCorp Financial Group on its USD 152 million divestiture of United Life & Annuity, Marketing One and CyberLink, among others.
Kato holds a Bachelor of Arts in Business Administration degree (summa cum laude) from Morehouse College