Bilal Hafeez is the Founder, CEO, and Head of Research at Macro Hive, a leading independent provider of global macro research and strategy. He is the primary force behind the firm’s goal to deliver unbiased and cutting-edge market insights, and his weekly insights reveal key macro themes for investors and actionable trade ideas. Hafeez is an experienced market strategist, currency expert, and economist who has also pioneered FX investment and smart beta benchmarks. Prior to launching Macro Hive, he was Global Head of International Fixed Income Strategy at Nomura and Head of Multi-Asset Research and Advisor to the CEO at Deutsche Bank. During his sell-side career, he was rated #1 market strategist by Euromoney and Institutional Investor for most years between 2004 and 2013. Hafeez is also an experienced Professor of Finance with a demonstrated history of working in the higher education industry.
MACRO HIVE
Bilal leads Macro Hive in providing clients with research publications, economic analysis, models and trade ideas.
Macro Hive covers a wide range of financial asset classes, including fixed income, forex market, commodities, and stocks and equities.
The firm covers a wide geography including the U.S., Europe, U.K., China, and emerging markets.
EARLY CAREER & EXPERTISE
Bilal started his career in the corporate world as an FX Strategist at JP Morgan.
He held various senior roles at Deutsche Bank, including Head of Multi-Asset Research, Advisor to the CEO, and Global Head of Foreign Exchange Research.
At Deutsche Bank, he created one of the first ever sets of benchmarks and factor models for currency markets.
While at Deutsche, Bilal was ranked #1 by Euromoney for 10 years. He was also awarded first place in the All-Europe Fixed-Income Research Team for both 2013 and 2014 by Institutional Investor.
He was most recently Global Head of FX and Rates Strategy at Nomura. first worked as the Global Head of G10 FX Strategy, then the Head of EMEA Fixed Income Research, then as the Global Head of FX and Rates Strategy.
He is skilled in foreign exchange, options, equities, capital markets, financial markets, and trading, among others.
ACADEME
Bilal was an Honorary Visiting Professor of Finance at Cass Business School.
He was a former guest lecturer at the London School of Economics, Oxford University, London Business School and King's College London.
MEDIA & PUBLICATIONS
For decades, major financial publications and newspapers have relied on Bilal’s expertise in FX.
He has been featured in Business Insider, Bloomberg, CNBC, the Financial Times, BBC, and CNN.
His work has appeared in the Financial Times, Wall Street Journal, and The Economist, among others.
He also regularly appears as a guest on podcasts such as ReSolve Riffs and Blockworks to discuss the macro outlook.
With a focus on financial markets and global macro trends, Bilal writes articles and hosts podcasts that cover a wide range of topics, including market analysis, investment strategies, and economic forecasts.