One of the world's leading bank economists to speak at our New Year's Conference
Torsten Slok spent many years at Deutsche Bank before recently being appointed chief economist at Apollo Investment. At SKAGEN's New Year Conference, he will share his outlook for the coming year, highlighting one important event in particular.
After 15 years at Deutsche Bank in New York, this summer chief economist Torsten Slok was recruited by Apollo Investment Corporation which has $433 billion under management.
The 49-year-old Dane has a degree in economics from the University of Copenhagen and prior to joining Deutsche Bank in 2005, he worked as an economist at the OECD in Paris and the IMF in Washington. He is widely quoted in the media, and over the years has often commented on financial matters on CNBC and Bloomberg amongst others. He is not only known for his impressive macroeconomic overview and views of the market, but equally for the original and insightful graphs he sent out every week. They earned him the nickname "the chart guru".
On the same day that he announced his resignation from Deutsche Bank, the bank's shares fell significantly. This led the media to speculate as to whether there could be a connection between the two events. Journalist Holger Zschaepitz at the German newspaper Die Welt certainly suggested this may be the case when he tweeted:
"My chart guru Torsten Slok will leave Deutsche Bank after 15 years and about 2000 intriguing charts in my inbox. DB (Deutsche Bank) shares give up some of the gains after the announcement."
Torsten Slok is considered one of the world's foremost banking economists, and was undoubtedly a highly esteemed source of expertise during his time at Deutsche Bank. He was especially famous for his weekend updates and precise analysis. It is probably no coincidence that three employees were immediately hired to fill Torsten Slok's previous position.
At SKAGEN's New Year's Conference, you can look forward to hearing Torsten Slok's views on the outlook for the global economy in the coming year, the European and US central banks and, of course, the outlook for the financial markets. He will also elaborate on why he believes that the most important event in 2021 is how quickly it will be possible to vaccinate the world's population.