Lena Komileva

Lena Komileva is a City economist and a commentator on global economic themes with a long-established track record in financial services. Well followed for her core research, Lena works with public sector clients, policy officials, private wealth managers, hedge funds, market intermediaries, bank traders, risk officers, portfolio managers, public sector and corporate treasurers, inter-government institutions and media opinion-leaders. She is read by national and supra-national policy institutions, including the Federal Reserve, the People’s Bank of China and the IMF. 

 

Lena is the Chief Economist and Managing Director of G+ Economics, an international market research and economic intelligence consultancy based in London. Previously she was Senior Vice President and Global Head of G10 Strategy at Brown Brothers Harriman, a private US custodian bank, and Director and Global Head of G7 Market Economics at Tullett Prebon, No1 Broker for Currencies in the 2010-2011 Risk Magazines rankings and the biggest government bonds broker in Europe. 

 

From the position of a top-down macro-economist with nearly two decades of experience in the heart of global capital markets, Lena writes on a variety of economic themes related to US, Euro area and UK fundamentals, policy, financial markets, capital flows and systemic links in the global economy. She was among the very first to argue the global implications from the securitisation crisis in the summer of 2007, including the dislocation of money markets, next-to-zero G7 monetary policy rates, the Great Recession and the new role for public capital in the functioning of financial markets with the worrying side effects of long-term public debt sustainability and global financial inflation pressures. Her product expertise lies in foreign exchange, money markets and government debt, while monitoring and analysing relationships with other markets such as volatility, credit derivatives, equities, commodities and emerging markets. Lena is a frequent contributor to the quality financial media and is regularly invited to speak at international industry forums.

 

Industry awards and recognitions

  • Over 90%  forecasting accuracy for the US Federal Reserve, the European Central Bank and the Bank of England. 
  • Topped Bloomberg’s poll of economists as the best forecaster for the US CPI (96.2% accuracy), 2003
  • One of the top ten forecasters in the world of the US ISM Manufacturing index, a leading indicator for the US business cycle, Bloomberg Rankings 2003. 

Product and Market Expertise

 

With a wealth of experience advising top-tier institutional and policy clients, Lena has written extensively on US, UK and Euro area fundamentals combining financial, monetary and macro-economic analysis.

 

Her focus is on analysing the flow of funds between the financial industry - including the banking sector and wholesale asset markets - and the real economy, and its impact on economic and financial stability and policy. Lena was among the very first to argue the global implications from the securitisation crisis in the summer of 2007, including the dislocation of money markets, next-to-zero G7 monetary policy rates, the Great Recession, the Eurozone crisis and the new role for public capital in the functioning of financial markets with the worrying side effects of long-term public debt sustainability and global financial inflation pressures. 

 

In addition to thematic strategy and economic analysis and forecasting, her product research focuses on foreign exchange, money markets and government debt, and the relationships with other asset classes such as volatility, credit, credit derivatives, equities, emerging markets and commodities.

 

Lena is a frequent contributor to Bloomberg, Reuters, Financial Times, the BBC, the WSJ among others. She is regularly invited to present at market industry forums and has contributed articles to Bloomberg Brief, the Financial Times, Reuters, FX Week and others. Her research has been extensively quoted in the international press and she gives regular TV and radio interviews.

 

MEDIA

Industry engagements

 

Gallery: Keynote economic address: Milan Pension Funds Forum, 2016

Newsroom

Bloomberg TV: Komileva on the Greek Crisis, EU, IMF, ECB Risks

Lena Komileva, chief economist at G+ Economics, talks about the Greek debt crisis and the country's future in the euro zone. She speaks with Maryam Nemazee on Bloomberg Television's "The Pulse". (Source: Bloomberg)

 

Note links open a new window

FT Video: Is the world really ready for higher rates? 

Is it time to ease the world economy off zero rates? Lena Komileva, chief economist at G+ Economics, argues to FT editor John Authers that productivity, employment and inflation remain low, while leverage has rebounded, so central bankers should be very careful. (Source: www.ft.com)

Bloomberg TV: Greece Is More Out Than In the Euro Zone - Komileva 

G+ Economics Managing Director and Chief Economist Lena Komileva discusses the Greek debt deal, the Greek banking system and the future of the indebted nation. She speaks to Bloomberg’s Guy Johnson and Anna Edwards on “Countdown” (Source: Bloomberg)

BBC Radio 4 Today programme: Could Greece still leave the eurozone?

Five years on from the eurozone crisis which could have seen Greece and others crash out of the eurozone, a game of brinksmanship is going on. The German government expects Greece to uphold the terms of its international bailout agreement but the anti-austerity party Syriza opposes. Lena Komileva discusses with the BBC's Simon Jack, on the BBC Radio 4 Today programme. 

Centre for the Study of Financial Innovation: Lena Komileva discusses European currency markets

CNBC: Markets ‘married to 1987’ economic models, Fed policy more forward-thinking

Markets are "married to 1987 models" of economic theory. Federal Reserve policy by contrast is "very much a function of 2007," and the direction after 2017 will be very different. Developments such as the "gig economy" and fintech have radically shaped the landscape of the economy. Lena Komileva talks to CNBC.

Read Lena Komileva's interview with Portugal’s Jornal de Negócios

Portugal’s Jornal de Negócios: Komileva: ECB "will extend stimulus" beyond 2016 (10/06/15)
Interview with Portugal’s Jornal de Negócios: Lena Komileva recognizes that the ECB's measures are already having an impact, but doubts that inflation is headed to 2% with full employment in the Eurozone.
Portugal CFA article.pdf
Adobe Acrobat document [841.9 KB]

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