Our Outlook for 2023
Investing for 2023 and beyond
The year 2023 will see the continuation of the great transformation as major powers further deploy their geo-economic strategies. Unfortunately, most investors are not accustomed to this economic or financial market backdrop, nor are most policymakers. Indeed the year ahead will yet again be extraordinary and unpredictable and a year full of statecraft.
Keep in mind that 2023 is not just another year. This year is a hugely significant as it will set the stage for 2024, a year with major elections across each region, including in Taiwan and the United States.
When the macro environment becomes highly uncertain and unpredictable, the investment strategy must focus on what is most predictable. Turbulent times require strong and transparent leadership. Therefore, investors must make sure to hold quality assets. Indeed, quality assets exist across all regions and sectors.
Our Outlook for 2023 addresses these questions and more.
Latest insights
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Unleashing the power of AI: Geopolitical shifts and the race for generative innovation
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‘Peak Time’ scenario anticipates peak inflation, rates, fragmentation and uncertainty in the market.
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No doubt monetary policy works with a lag; we know this. However, no one knows what that lag may look like, feel like, and more importantly: how long lags may last.
Meet our experts
Belal Khan
Belal joined GMG as Chief Investment Officer in 2021. Prior to this, he spent 15 years at HSBC Private Bank Switzerland, where he held several positions including CIO (2016–2021), responsible for helping formulate the global macroeconomic outlook, tactical asset allocation positioning, investment strategies and investment themes across asset classes. Belal's expertise and extensive work experience in foreign exchange sales and commodities have taken him to many leading banks, such as Merrill (formerly Merrill Lynch Investment Bank), Royal Bank of Canada, and Bank of Tokyo, among others.
François Botta
Prior to joining the group, François worked as a private banker for Coutts and Co Suisse, covering the UK market and then for Union Bancaire Privée. He holds a CFA and a Master in Business Administration from the Ecole des Dirigeants et Créateurs d’Entreprises in Paris. He speaks French and English.
Marc Currat
Prior to joining GMG, Marc spent 10 years as a portfolio manager for global emerging market equities at Deutsche Bank's DWS. He held several roles in Europe and Asia, including lead responsibility for institutional mandates, the co-management of flagship funds, and the development of quantamental strategies. Marc contributed to broadening the scope of institutional coverage and was also responsible for research with a specialized focus on Southeast Asia and thematics. Previously, he served as an equities and quant analyst at Surperformance SAS. Prior to that, he was an auditor advisor at Currat& Associes SA. Marc holds a BSc in Management from CIBU – California International Business University and an MBA in Finance from International School of Management & St. John’s University.