Before establishing her asset management business Pippa was UBS Deputy Head of Global Strategy. She has also taught in Beijing, served on Bush’s National Economic Council and co-founded a firm that makes commercial drones. She now sits on the board of an MIT start-up and advises the MoD on tech. Arguing that we learn more about the economy from what’s around us than from maths, Pippa describes herself as an unusually optimistic economist.
Before launching her London-based asset management firm, Dr Philippa Malmgren was Deputy Head of Global Strategy at UBS. Her chief role is to help fund managers better understand how politics, policy and geopolitics will impact on the financial markets.
Pippa is the founder of the Canonbury Symposia, which brings together high-level experts on strategic security, defense, intelligence and finance. She also served as a market advisor in the White House and sat on George W Bush’s National Economic Council - and before that taught at a Beijing university.
In presentations Pippa offers a global overview. Against prevailing opinion, she believes the BRIC economies are less interesting than the commodity-producing BRACSS: Brazil, Russia, Australia, Canada, South Africa and Saudi Arabia. She shows how commodity price rises spell inflation in emerging markets almost immediately, because half their income is spent on food and energy. (China is experiencing demands for 50% pay increases from unskilled workers.)
Pippa sees civil unrest generating further uncertainty, which in turn causes market volatility. On the other hand, she explains why ‘soft’ defaults within the Eurozone can pass with little turmoil. Meanwhile she shows how new gas finds in the States could have the capacity to create another ‘Silicon Valley’ type boom.
The author of Signals: How Everyday Signs Can Help Us Navigate the World's Turbulent Economy in which she looks at the commonplace signs of economic trends, Pippa has been hailed as a ‘Global Leader for Tomorrow’ by the World Economic Forum. She’s a frequent guest on the Today programme and Newsnight, and regularly presents CNBC’s Squawk Box. She also has a column in Investment Week and has written for both International Fund Investment and Institutional Investor magazines.
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In uncertain times Pippa provides real nuggets of wisdom about the global economy. It's fascinating to listen to someone who talks with such fluency about the factors that are having an impact on just about everything we buy and sell. You walk away feeling much better informed and a little bit smug about the inside knowledge you've gleaned. JLA Agent Jeremy Lee
JLA Speakers Breakfast
Malmgren: Why Geopolitics Is In