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Dr. Philippa “Pippa” Malmgren: President & Founder of DRPM Group – Dr. Malmgren was former Special Assistant to the President of the United States for Economic Policy and former member of the U.S. President’s Working Group on Financial Markets.
While in the White House, Dr. Philippa “Pippa” Malmgren served as financial market advisor in the White House and functioned as the liaison between the White House and the Federal Reserve.
Dr. Malmgren formerly headed the Global Asset Management business for Bankers Trust in Asia, out of Hong Kong, was also the Chief Currency Strategist for Bankers Trust, and the former Head of Global Investment Strategy at UBS. Dr. Malmgren was also a senior consultant to Deutsche Bank, and currently advises the largest sovereign wealth funds, hedge funds, and pension funds in the world.
Economic signals are everywhere, from magazine covers to grocery stores to military events. They reveal the story of the world economy. Central bankers have done their best to conjure forth inflation in the hopes that this will vanquish deflation but the risk is that our daily lives, and the sustainability of governments, will be affected by an ongoing battle between these two forces. There will be important consequences.
Quantitative Easing is now catching people in a vice by pushing up their cost of living even as their income is still falling. This breaks the vital social contracts between citizens and their governments and sets in motion many seemingly unrelated outcomes: social unrest in emerging markets, the movement of manufacturing and jobs back to the US and the West, improvements to the value added of emerging market firms, higher food and energy prices. The rising price, but shrinking size, of a steak, a candy bar and an apartment not only cause pain at home, they also propel some nations to deploy their militaries to secure resources and protect their citizens from the ill effects of inflation and deflation alike. This is already resulting in military confrontations, incidents and near misses between American, Chinese and Russian planes, warships and submarines.
The solution is growth and innovation. Luckily, anonymous individuals are balancing their hubris against the risk of failure and proceeding to build a more dynamic economy and the new social contracts that will exist tomorrow. The only question is whether governments are hostile or hospitable to these efforts. By being alert to the many signals around us anyone can better navigate through the turbulence to the treasures of the world economy instead of being continuously overwhelmed and surprised by it.
Dr Philippa Malmgren: DRPM Group Founder – Dr. Philippa Malmgren, through her firm, DRPM Group, helps companies, investors and policymakers better understand how risk and prices will move across the economic landscape. She connects the dots, bringing together insights about markets, politics, policy and geopolitics that signal important and investable trends.
The clients of DRPM Group include many investment banks, fund managers and hedge funds as well as Sovereign Wealth Funds, pension funds, global corporations and family offices. She has an especially strong view on the importance of manufacturing in modern economies and is a part owner and on the board of H Drones, now part of DRPM Group, manufacturing firm in the UK that builds non-weaponized drones.
She serves on several advisory boards and working groups: the British Ministry of Defence Working Group on Global Strategic Trends, the Greater London Authority Infrastructure Advisory Board, the Legatum Institute at MIT and Indiana University School of Public Policy and Environmental Affairs.
She is also often asked to brief Heads of Government and senior officials as well as CEOs and CIOs around the world on economic issues. She served as financial market advisor to the President in the White House and on the National Economic Council from 2001-2002.
She was a member of the President's Working Group on Financial Markets and the Working Group on Corporate Governance. She dealt with Enron, Sarbanes Oxley as well the Anti-Money Laundering provisions of the Patriot Act and had responsibility for terrorism risks to the economy on the NEC after 9/11.
She was the Deputy Head of Global Strategy at UBS and the Chief Currency Strategist for Bankers Trust. She headed the Global Investment Management business for Bankers Trust in Asia. Dr. Malmgren has been a visiting lecturer at Tsinghua University in Beijing and an occasional lecturer for INSEAD and the Duke Fuqua Global Executive MBA Program.
In 2000 The World Economic Forum in Davos named Dr. Malmgren a Global Leader for Tomorrow. She is a Governor and member of the Council of Management of the Ditchley Foundation in the UK.
She is a frequent guest on the BBC, including Newsnight and the Today Program, and a guest anchor on both CNBC's Squawk Box and Bloomberg's most widely viewed programs. She speaks at conferences across a wide range of industries on behalf of The Financial Times, The Economist, Institutional Investor and diverse global firms. She writes for Citywire, International Economy, Economia, Monocle and others.
She has a B.A. from Mount Vernon College and a M.Sc. and Ph.D. from the London School of Economics. She completed the Harvard Program on National Security and has a certificate from the 101st Airborne Division's Sabalauski's Air Assault School. In 2013, she was the keynote speaker for the London School of Economics graduation ceremony.
About Us – DRPM helps companies, investors and policymakers better understand how risk and prices will move across the economic landscape. Dr. Malgren connects the dots, bringing together insights about markets, politics, policy and geopolitics that signal important and investable trends.
The clients of DRPM Group include many investment banks, fund managers and hedge funds as well as Sovereign Wealth Funds, pension funds, global corporations and family offices. Dr. Malmgren has an especially strong view on the importance of manufacturing in modern economies and is now a part owner and on the board of H Drones, now part of DRPM Group, manufacturing firm in the UK that builds non-weaponized drones.