Philippa Malmgren
Encyclopedia
Philippa "Pippa" Malmgren is a politics and policy expert who used to be Special Assistant to the President of the United States for Economic Policy on the National Economic Council
and former member of the U.S. President's Working Group on Financial Markets
. She is currently President of the Canonbury Group and co-founder of Principalis Asset Management. She is also a senior consultant on various boards, including Deutsche Bank
, a lecturer and the founder of a quarterly publication called Policy & Markets.
Malmgren was named a Global Leader for Tomorrow by the World Economic Forum
in Davos
in 2000.
, Lyndon B. Johnson
, Richard Nixon
, and Gerald Ford
. She has a B.A.
from Mount Vernon College
and an M.Sc.
and a Ph.D.
from the London School of Economics
. She has also participated in the Harvard
Program on National Security.
in Paris. She subsequently began a successful career in banking including heading the Global Asset Management business for Bankers Trust
in Asia, out of Hong Kong, Deputy Chief Currency Strategist for Bankers Trust
Company, and finally Head of Global Investment Strategy at UBS
Warburg in London, England.
Following her career in banking, she founded Malmgren and Company, operating out of London, England.
during his presidential campaign. She joined the Bush White House, where she served as Special Assistant to the President for Economic Policy on the National Economic Council and was a member of the President's Working Group on Financial Markets and the President's Working Group on Corporate Governance.
While in the White House, she was responsible for all financial market issues for the President, which included corporate governance, bank regulation
, Government Sponsored Enterprises, mortgages, deposit insurance, terrorism insurance issues, anti-money laundering, and international finance issues. She was in charge of liaison between the White House and all the financial regulators including the Federal Reserve and the U.S. Securities and Exchange Commission (SEC). She was assigned to the White House Office of the Homeland Defense Working Group on Terrorism Risks to the Economy.
, CNBC
, and BBC
and been a regular speaker at investor and business conferences including Fortune
s Most Powerful Women in Business, the World Economic Forum
, Euromoney
, and institutional investor conferences, the Confederation of British Industries Annual Meeting, the Asia-Pacific Economic Cooperation
Business Leaders Annual Meeting, the Cercle des Economistes
, and various banking, asset management and industry annual meetings.
In October 2011 she appeared in several news websites with an interview she gave the german online journal Deutsche Mittelstands-Nachrichten in which she proclaimed that Germany would leave the joint european currency Euro and would go back to the D- Mark, stating that she believed that there were already new D-Mark notes being printed.
She has served on the Board of Advisors of the Oxford Banking Forum, Mount Vernon College, the Aspen Institute
in France, and the World Economic Forum
Environment Project. She has lectured at the London School of Economics
, Tsinghua University
in Beijing, the MIT Sloan Fellows, Oxford University, West Point, and Duke University
Business School.
National Economic Council
The National Economic Council of the United States is the principal forum used by the President of the United States for considering economic policy matters, separate from matters relating to domestic policy, which are the domain of the Domestic Policy Council...
and former member of the U.S. President's Working Group on Financial Markets
Working Group on Financial Markets
The Working Group on Financial Markets was created by Executive Order 12631, signed on March 18, 1988 by United States President Ronald Reagan.The Group was established explicitly in response to events in the financial markets surrounding October 19,...
. She is currently President of the Canonbury Group and co-founder of Principalis Asset Management. She is also a senior consultant on various boards, including Deutsche Bank
Deutsche Bank
Deutsche Bank AG is a global financial service company with its headquarters in Frankfurt, Germany. It employs more than 100,000 people in over 70 countries, and has a large presence in Europe, the Americas, Asia Pacific and the emerging markets...
, a lecturer and the founder of a quarterly publication called Policy & Markets.
Malmgren was named a Global Leader for Tomorrow by the World Economic Forum
World Economic Forum
The World Economic Forum is a Swiss non-profit foundation, based in Cologny, Geneva, best known for its annual meeting in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland....
in Davos
Davos
Davos is a municipality in the district of Prättigau/Davos in the canton of Graubünden, Switzerland. It has a permanent population of 11,248 . Davos is located on the Landwasser River, in the Swiss Alps, between the Plessur and Albula Range...
in 2000.
Early life and education
Malmgren is the daughter of Harald Malmgren, a trade negotiator who served in the administrations of John F. KennedyJohn F. Kennedy
John Fitzgerald "Jack" Kennedy , often referred to by his initials JFK, was the 35th President of the United States, serving from 1961 until his assassination in 1963....
, Lyndon B. Johnson
Lyndon B. Johnson
Lyndon Baines Johnson , often referred to as LBJ, was the 36th President of the United States after his service as the 37th Vice President of the United States...
, Richard Nixon
Richard Nixon
Richard Milhous Nixon was the 37th President of the United States, serving from 1969 to 1974. The only president to resign the office, Nixon had previously served as a US representative and senator from California and as the 36th Vice President of the United States from 1953 to 1961 under...
, and Gerald Ford
Gerald Ford
Gerald Rudolph "Jerry" Ford, Jr. was the 38th President of the United States, serving from 1974 to 1977, and the 40th Vice President of the United States serving from 1973 to 1974...
. She has a B.A.
Bachelor of Arts
A Bachelor of Arts , from the Latin artium baccalaureus, is a bachelor's degree awarded for an undergraduate course or program in either the liberal arts, the sciences, or both...
from Mount Vernon College
Mount Vernon College
Mount Vernon College could refer to:* Mount Vernon Seminary, a former name for Peru State College in Peru, Nebraska* Mount Vernon College for Women, now a part of George Washington University...
and an M.Sc.
Master of Science
A Master of Science is a postgraduate academic master's degree awarded by universities in many countries. The degree is typically studied for in the sciences including the social sciences.-Brazil, Argentina and Uruguay:...
and a Ph.D.
Doctor of Philosophy
Doctor of Philosophy, abbreviated as Ph.D., PhD, D.Phil., or DPhil , in English-speaking countries, is a postgraduate academic degree awarded by universities...
from the London School of Economics
London School of Economics
The London School of Economics and Political Science is a public research university specialised in the social sciences located in London, United Kingdom, and a constituent college of the federal University of London...
. She has also participated in the Harvard
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...
Program on National Security.
Career
Malmgren started her career as Trade Policy Specialist with the Trade Policy Research Centre in London and the OECDOrganisation for Economic Co-operation and Development
The Organisation for Economic Co-operation and Development is an international economic organisation of 34 countries founded in 1961 to stimulate economic progress and world trade...
in Paris. She subsequently began a successful career in banking including heading the Global Asset Management business for Bankers Trust
Bankers Trust
Bankers Trust was an historic American banking organization. The bank merged with Alex. Brown & Sons before being acquired by Deutsche Bank in 1998.-History:A consortium of banks created Bankers Trust to perform trust company services for their clients....
in Asia, out of Hong Kong, Deputy Chief Currency Strategist for Bankers Trust
Bankers Trust
Bankers Trust was an historic American banking organization. The bank merged with Alex. Brown & Sons before being acquired by Deutsche Bank in 1998.-History:A consortium of banks created Bankers Trust to perform trust company services for their clients....
Company, and finally Head of Global Investment Strategy at UBS
UBS AG
UBS AG is a Swiss global financial services company headquartered in Basel and Zürich, Switzerland, which provides investment banking, asset management, and wealth management services for private, corporate, and institutional clients worldwide, as well as retail clients in Switzerland...
Warburg in London, England.
Following her career in banking, she founded Malmgren and Company, operating out of London, England.
Political career
Malmgren served as an advisor on international economic issues to George W. BushGeorge W. Bush
George Walker Bush is an American politician who served as the 43rd President of the United States, from 2001 to 2009. Before that, he was the 46th Governor of Texas, having served from 1995 to 2000....
during his presidential campaign. She joined the Bush White House, where she served as Special Assistant to the President for Economic Policy on the National Economic Council and was a member of the President's Working Group on Financial Markets and the President's Working Group on Corporate Governance.
While in the White House, she was responsible for all financial market issues for the President, which included corporate governance, bank regulation
Bank regulation
Bank regulations are a form of government regulation which subject banks to certain requirements, restrictions and guidelines. This regulatory structure creates transparency between banking institutions and the individuals and corporations with whom they conduct business, among other things...
, Government Sponsored Enterprises, mortgages, deposit insurance, terrorism insurance issues, anti-money laundering, and international finance issues. She was in charge of liaison between the White House and all the financial regulators including the Federal Reserve and the U.S. Securities and Exchange Commission (SEC). She was assigned to the White House Office of the Homeland Defense Working Group on Terrorism Risks to the Economy.
Later career
Following her time in office, Malmgren founded the Canonbury Group, through which she has served as an advisor to some of the leading asset managers around the world including traditional fund managers, hedge funds, sovereign wealth funds, pension plans, corporations, financial institutions, and family offices. Following the turmoil of the Financial Crisis, Malmgren felt there was a void in the asset management business and co-founded Principalis Asset Management.Writings and public speaking
Malmgren is an author and public commentator. In addition to writing her quarterly publication Policy and Markets, she has a column in Investment Week. She has been a frequent guest on CNNCNN
Cable News Network is a U.S. cable news channel founded in 1980 by Ted Turner. Upon its launch, CNN was the first channel to provide 24-hour television news coverage, and the first all-news television channel in the United States...
, CNBC
CNBC
CNBC is a satellite and cable television business news channel in the U.S., owned and operated by NBCUniversal. The network and its international spinoffs cover business headlines and provide live coverage of financial markets. The combined reach of CNBC and its siblings is 390 million viewers...
, and BBC
BBC
The British Broadcasting Corporation is a British public service broadcaster. Its headquarters is at Broadcasting House in the City of Westminster, London. It is the largest broadcaster in the world, with about 23,000 staff...
and been a regular speaker at investor and business conferences including Fortune
Fortune (magazine)
Fortune is a global business magazine published by Time Inc. Founded by Henry Luce in 1930, the publishing business, consisting of Time, Life, Fortune, and Sports Illustrated, grew to become Time Warner. In turn, AOL grew as it acquired Time Warner in 2000 when Time Warner was the world's largest...
s Most Powerful Women in Business, the World Economic Forum
World Economic Forum
The World Economic Forum is a Swiss non-profit foundation, based in Cologny, Geneva, best known for its annual meeting in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland....
, Euromoney
Euromoney (magazine)
Euromoney magazine, a monthly periodical, is the flagship publication of business and financial publisher Euromoney Institutional Investor....
, and institutional investor conferences, the Confederation of British Industries Annual Meeting, the Asia-Pacific Economic Cooperation
Asia-Pacific Economic Cooperation
Asia-Pacific Economic Cooperation is a forum for 21 Pacific Rim countries that seeks to promote free trade and economic cooperation throughout the Asia-Pacific region...
Business Leaders Annual Meeting, the Cercle des Economistes
Cercle des économistes
The Cercle des économistes is a think tank in France. It was founded by Jean-Hervé Lorenzi in 1992. It currently has a membership of thirty economists and academics, both from the private and public sector, who engage in a debate on economics.- Members :Patrick Artus, Agnès Bénassy-Quéré,...
, and various banking, asset management and industry annual meetings.
In October 2011 she appeared in several news websites with an interview she gave the german online journal Deutsche Mittelstands-Nachrichten in which she proclaimed that Germany would leave the joint european currency Euro and would go back to the D- Mark, stating that she believed that there were already new D-Mark notes being printed.
Public sector
- Member, Council of Foreign RelationsCouncil on Foreign RelationsThe Council on Foreign Relations is an American nonprofit nonpartisan membership organization, publisher, and think tank specializing in U.S. foreign policy and international affairs...
- Member, Royal Institute for International AffairsChatham HouseChatham House, formally known as The Royal Institute of International Affairs, is a non-profit, non-governmental organization based in London whose mission is to analyse and promote the understanding of major international issues and current affairs. It is regarded as one of the world's leading...
- Member, Institute for International Strategic Security
- Member, National Association for Business EconomicsNational Association for Business EconomicsThe National Association for Business Economics is the largest international association of applied economists, strategists, academics, and policy-makers committed to the application of economics. Founded in 1959, it is one of the member organizations of the Allied Social Sciences Association...
- Member, Chatham HouseChatham HouseChatham House, formally known as The Royal Institute of International Affairs, is a non-profit, non-governmental organization based in London whose mission is to analyse and promote the understanding of major international issues and current affairs. It is regarded as one of the world's leading...
- Member, British Institute of Directors
- Member, Reform ClubReform ClubThe Reform Club is a gentlemen's club on the south side of Pall Mall, in central London. Originally for men only, it changed to include the admission of women in 1981. In 2011 the subscription for membership of the Reform Club as a full UK member is £1,344.00, with a one-off entrance fee of £875.00...
in London - Member, Metropolitan ClubMetropolitan ClubThe Metropolitan Club is a private social club in New York City. It was formed in 1891 by J.P. Morgan, who served as its first president. Other original members included William K. Vanderbilt and James Roosevelt. Its 1912 clubhouse, designed by Stanford White, stands at 1-11 East 60th Street, on...
in Washington D.C. - Member, International Advisory Board of the School of Oriental and African StudiesSchool of Oriental and African StudiesThe School of Oriental and African Studies is a public research university located in London, United Kingdom and a constituent college of the University of London...
(SOAS) in London, - Governor, Ditchley FoundationDitchley FoundationThe Ditchley Foundation is a British organisation based at Ditchley House near Chipping Norton, Oxfordshire, which aims to promote international relations, especially Anglo-American relations, through a programme of around fifteen annual conferences on matters of international interest...
in the UK
Private sector
- Senior Advisor, Deutsche BankDeutsche BankDeutsche Bank AG is a global financial service company with its headquarters in Frankfurt, Germany. It employs more than 100,000 people in over 70 countries, and has a large presence in Europe, the Americas, Asia Pacific and the emerging markets...
- Senior Advisor, Prudential Real Estate
- Member, International Advisory Board EFG Bank
- Member, International Advisory Board Bourne Park Capital
- Member, International Advisory Board Old Square Capital
She has served on the Board of Advisors of the Oxford Banking Forum, Mount Vernon College, the Aspen Institute
Aspen Institute
The Aspen Institute is an international nonprofit organization founded in 1950 as the Aspen Institute of Humanistic Studies. The organization is dedicated to "fostering enlightened leadership, the appreciation of timeless ideas and values, and open-minded dialogue on contemporary issues." The...
in France, and the World Economic Forum
World Economic Forum
The World Economic Forum is a Swiss non-profit foundation, based in Cologny, Geneva, best known for its annual meeting in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland....
Environment Project. She has lectured at the London School of Economics
London School of Economics
The London School of Economics and Political Science is a public research university specialised in the social sciences located in London, United Kingdom, and a constituent college of the federal University of London...
, Tsinghua University
Tsinghua University
Tsinghua University , colloquially known in Chinese as Qinghua, is a university in Beijing, China. The school is one of the nine universities of the C9 League. It was established in 1911 under the name "Tsinghua Xuetang" or "Tsinghua College" and was renamed the "Tsinghua School" one year later...
in Beijing, the MIT Sloan Fellows, Oxford University, West Point, and Duke University
Duke University
Duke University is a private research university located in Durham, North Carolina, United States. Founded by Methodists and Quakers in the present day town of Trinity in 1838, the school moved to Durham in 1892. In 1924, tobacco industrialist James B...
Business School.