Volatility in bond yields have risen sharply as recent firm macroeconomic and inflation data are causing investors to price in more aggressive rate hikes from the US Federal Reserve (FED). In his recent statement to Congress, Fed Chairman, Jerome Powell further fuelled market concerns as he left the door open to ‘increasing the pace of rate hikes’.
What does this mean for yields and investors in fixed income, and would equities be adversely impacted? Is a recession in 2H2023 still in store?
Please join us with our investment experts from Bank of Singapore and guest speaker from PIMCO as we address the top-of-the mind questions.
Chief Investment Officer (CIO) & Head, Portfolio Management & Research Office(PMRO) Bank of Singapore
Jean Chia is responsible for Bank of Singapore’s CIO Views, Macroeconomics, Investment Strategy, FX,
Equity & Fixed Income Research, as well as Discretionary Portfolio Management (DPM), Advisory Portfolio Management (APM) and Funds Selection teams at Bank of Singapore. She is a member of the board of directors for BOS International Funds, Luxembourg and a member of the OCBC Wealth Panel.
Jean has over 20 years of experience in Private Banking and Asset Management. Prior to her current role, she was previously Head, Equities Advisory & Sales, responsible for the equities and derivatives business at Bank of Singapore, and Head of Client Advisory Services for Equities, Investment Products & Services at UBS Wealth Management, Singapore.
Prior to UBS, she was Vice President, Head of Grassroots Research at Allianz Dresdner Asset Management (now known as Allianz Global Investors).
Jean graduated with an MA in Philosophy, Politics and Economics from University of Oxford, UK. She recently completed a Sustainable Finance certification from Cambridge Institute of Sustainable Leadership (CISL).
Jean is currently a Financial Women’s Association of Singapore (FWA) Female Champion and an Institute of Banking and Finance (IBF)
Chief Economist Bank of Singapore
Mansoor is a macroeconomist and financial market strategist with two decades experience covering institutional investors around the world. Mansoor speaks to policymakers and central bankers and maintains links with think-tanks in Washington and Beijing. He appears on CNBC and Bloomberg Television, his work features in The Economist and he has written for the Financial Times.
Mansoor was most recently at the Royal Bank of Scotland’s investment arm, NatWest Markets, where he was the Asia region's Macro Strategist and previously the bank’s Global Head of FX Strategy. Prior to joining RBS, Mansoor spent 17 years at UBS in London, Zurich and Singapore where he was also Global Head of FX Strategy from 2002 to 2014. Mansoor holds a Bachelor’s and a Master’s degree in Economics from the London School of Economics.
He was tutored by Professor Charles Goodhart, a former Chief Adviser at the Bank of England.
Head of Investment Strategy Bank of Singapore
Eli Lee is Head of Investment Strategy at Bank of Singapore and he plays a central role in developing asset allocation and thematic strategies across global asset classes for the Bank.
He is a key member of Bank of Singapore’s investment committee, which determines the Group’s overall investment strategy and direction, and serves as a member of the OCBC Group Wealth Panel. He also previously led the Special Situations Research team at OCBC Investment Research. As an investment thought leader, Eli’s independent perspectives are often sought after by international media, including the Wall Street Journal, Bloomberg and CNBC.
With close to two decades of industry experience, Eli began his investment career at the Wellington Management Company in Boston. He graduated from Harvard University with an MA in Statistics.
Head of Fixed Income Research Bank of Singapore
Todd Schubert is the Head of Fixed Income Research for Bank of Singapore. He joined the Bank’s predecessor ING Asia Private Bank in 2008. Prior to that he was Head of Asian Fixed Income Research at Deutsche Bank as well as a Global Credit Portfolio Manager with the Government of Singapore Investment Corp.
With more than 30 years of Investment Experience, Todd has also worked for a number of major U.S. Financial Institutions including USAA and GE Asset Management.
Todd has an MBA from the Booth School of Business at the University of Chicago and a Bachelor’s Degree from UCLA.
Senior Vice President & Credit Product Strategist PIMCO
Mr Gulati is a Senior Vice President and Credit Product Strategist in the Hong Kong office. He is focused on expanding PIMCO’s credit business in Asia, with responsibility for global and Asia credit strategies. Previously, he was a member of PIMCO’s client management group in the New York office.
Prior to joining PIMCO in 2014, he worked in the principal investment area and investment banking division at Goldman Sachs, focusing on corporate and infrastructure private equity investments and consumer and retail & advisory. He has 12 years of investment experience and holds an MBA from the Wharton School of the University of Pennsylvania. He received an undergraduate degree from the University of California, Berkeley.