E16: Tectonic Shifts — The New Era for Industrial Policy
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The global industrials sector is being reshaped by a series of distinct — yet interrelated — tectonic shifts, with critical implications for industrial policy and corporate strategy. Rising protectionism, fallout from the war in Ukraine, lingering effects from the pandemic, technology disruption, and the green transition all make for a complex set of challenges — and opportunities. Join Lucy Baldwin and Martin Wilkie, Co-Head of Industrial Tech & Mobility at Citi Research, as they examine each of these shifts in detail and discuss what it will take to navigate them successfully.
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Lucy Baldwin, Head of Citi Research
Lucy Baldwin is a Managing Director and Global Head of Citi Research. She is responsible for managing Citi’s global independent research across all asset classes. Lucy joined Citigroup in April 2021 from Credit Suisse, where she was Global Head of Equity Sales. Prior to Credit Suisse, she was at Bank of America as Head of European Equity Sales (2015-2019), and at Goldman Sachs as a Director of European Equity Research and in a variety of research analyst roles (2006-2015). Lucy started her career at Cazenove as an equity research analyst covering the building materials sector. She graduated from the University of Birmingham in Economics. Lucy serves as a member of Council for the University of Birmingham and sits on the Investment Sub-committee. Additionally, she is a member of the Advisory Council for the Mossavar-Rahmani Centre for Business and Government at the Harvard Kennedy School.
Martin Wilkie, Co-Head, Industrial Tech & Mobility
Martin Wilkie is Co-Head of the Industrial Tech & Mobility Super-Sector at Citi Research. He has been an industrials analyst since 2003, having had various other roles in banking since 1994. He is based in London and started with Citi in 2015. Martin previously worked at Deutsche Bank from 2006 to 2015 also covering the Capital Goods sector, having also worked previously at Morgan Stanley and JP Morgan. Martin has an MBA with distinction from London Business School.
