Michala Marcussen

Global Head of Economics


Michala Marcussen joined SG CIB as Global Head of Economics, in December 2009 and is a Managing Director. In her role as Chief Economist, she leads a team of 25 economists based in Paris, London, Warsaw, Prague, New York, Bangalore, Hong Kong, Seoul and Tokyo with principle carriage for the global economic outlook. She joined the Société Générale Group in 1994 as a senior economist with responsibility for analysis of the EMU project and has since worked in different research functions, and most recently held the position as Head of Strategy and Economic Research at Société Générale Asset Management. She began her career in capital markets in 1986 with Den Danske Bank, where she worked in both Copenhagen and London.

With over 25 years of experience split evenly between the sell-side and buy-side of the financial industry, Michala is a frequent commentator in the financial press and appears regularly on financial news channels.

Michala has done extensive work on the long-term economic outlook and pensions, contributing notably to the book “Asset Management and Asset Liability Management” (University of Parma, 2006) and co-authoring a working paper “Can Life-Cycle Plans Weather the Pension Storm” (2007). She also takes a very keen interest in the topic of European integration, which began over 25 years ago when she spent time as a trainee at the EU Commission.

Michala Marcussen is a graduate from the University of Copenhagen, where she received a Master of Science in Economics. She has since taught at the leading French business school HEC, led working groups at ENSAE (Paris Graduate School of Statistics, Economics and Finance) and directed doctoral studies in co-operation with the University Paris Dauphine. For the winter semester she will teach a course in Exchange Rate Economics at the University Paris Dauphine. She is also a CFA charterholder and a member of the French Société d’Economie Politique (founded in 1842).