Jonathan Fell has followed developments in the tobacco and nicotine industries for 30 years. He began his career as an equity research analyst covering tobacco and other consumer industries at Merrill Lynch, Morgan Stanley and Deutsche Bank, and from 2013 to 2022 he was a founder and portfolio manager at Ash Park, an investment manager focused on investments in the fast-moving consumer goods industry. Jon now spends his time as a consultant in the tobacco and nicotine spheres and working in the not-for-profit sector, including chairing a London livery company charity, helping to run a Scout group, and serving as a director at Article 36, a UK-based organisation working to promote public scrutiny over the development and use of weapons.
All videos (1)
GFN.TV Rewind #5 | ALL IN | Big Tobacco Pivot to Safer Nicotine Products
29 Apr 2025
Episode originally aired on January 23rd 2023.
Top tobacco industry stock analyst says the pivot to tobacco harm reduction products is real and could potentially replace traditional combustible cigarette revenue entirely.
Featuring: Jonathan Fell
Tobacco Industry Analyst
Fmr. Partner & Co-founder, Ash Park Capital
@JonFell73