With President Trump’s inauguration on 20 Jan, markets will be increasingly focused on his policy priorities, which are likely to be centered around a favourable tax regime, fiscal spending and deregulation. While these are broadly market friendly moves, there are also concerns around his tariff plans and the Fed’s monetary policy stance moving forward.
How should investors be positioned under Trump 2.0? What implications do we see for the various asset classes in 2025?
Global Chief Investment Officer, Bank of Singapore
Jean Chia is Bank of Singapore’s Global CIO, responsible for the house view across 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 holds a Sustainable Finance certification from Cambridge Institute of Sustainable Leadership (CISL).
Chief Investment Strategist, Bank of Singapore
Eli Lee is the Chief Investment Strategist 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.
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.
Senior Investment Strategist, Bank of Singapore
Joseph is a Senior Investment Strategist within the highly regarded Chief Investment Office in Bank of Singapore.
Joseph provides thought leadership on a host of cross-asset investment topics, with a particular emphasis on global equities. Throughout his time in the bank, Joseph has been known for his timely calls and deep insights, and has been frequently interviewed and quoted by various media outlets.
Joseph also covers the Global Technology sector for the bank, and has experience navigating a range of topical issues pertaining to the internet, cloud, and the impact of geopolitics on technology. In his earlier career, Joseph has also spent time on the sell-side in the area of real estate within Singapore and China.
Joseph graduated with a BSc in Economics from the London School of Economics and holds a MSc in Management from the London Business School. Joseph is also a CFA® charterholder.
Partner, Chief Economist, Apollo Global Management
Torsten Slok is Partner and Chief Economist at Apollo. Prior to joining in 2020, Torsten worked for 15 years on the sell-side, where his team was top-ranked by Institutional Investor in fixed income and equities for ten years.
Previously, he worked at the OECD in Paris in the Money and Finance Division and the Structural Policy Analysis Division. Before joining the OECD, Torsten was with the IMF in the division responsible for writing the World Economic Outlook, and the division responsible for China, Hong Kong, and Mongolia.
Torsten studied at University of Copenhagen and Princeton University. He frequently appears in the media and has published numerous journal articles and reviews on economics and policy analysis, including in the Journal of International Economics, Journal of International Money and Finance, and The Econometric Journal.
Head of Strategy (Asia ex-Japan), Lazard Asset Management (Singapore) Pte. Ltd (Singapore)
Antony began working in the investment management business in 1981. Prior to joining Lazard in December 2013, Antony spent 8 years as a Portfolio Advisor with Wellington Global Investment Management Ltd in Hong Kong and was also previously a Principal Consultant in the Asian investment practice of Towers Watson.
Antony spent the first 16 years of his career as a portfolio manager/analyst in the UK, managing large institutional equity portfolios for clients of Gartmore and Deutsche Asset Management before moving to Australia with Deutsche in 1998.
He has a BA in Economics from Leeds Metropolitan University and is an Associate of the CFA Society of the UK and a member of the Hong Kong Securities Institute.