Julien Noizet has been working in financial services as a financial analyst for around a decade. He started his career as an equity analyst for Bryan Garnier & Co, a London-based boutique investment bank, covering a number of different sectors. In 2010, he joined the rating agency Fitch Ratings as an analyst covering the banking sector as well as non-bank financial institutions in the UK, France and Africa. In 2013, he joined the Bank of New York Mellon as a Vice President in charge of the credit analysis of German, Swiss and CEE banks. He is currently employed by a large international bank as a credit analyst in its Financial Institutions coverage group, mostly focusing on Western European banks, insurance firms and other non-bank FIs. Some of his other shorter experiences included working for the Debt Capital Markets team of a large bank as well as for the auditing division of a Big 4 accounting firm, covering banks. Julien Noizet is the founder of Spontaneous Finance, a free-market finance and financial innovation blog. He graduated with an MSc in Information Engineering from City University, London, as well as with an MSc in Management from Cass Business School, London. He also studied finance at ESCP Europe in Paris. The views expressed in his publications are his own and do not reflect those of any of his previous or current employers.