A bi-weekly reflection on risk, financial markets and leadership judgment under uncertainty.
Original financial-risk and leadership commentary, presented in full.
Lessons from the Markets is a bi-weekly reflection on financial risk, leadership judgment, and decision-making under uncertainty — drawn from nearly two decades of originating, executing, and advising FX, rates, and select commodities solutions for global multinationals and large corporates with Africa-linked exposures across Africa, the UK, and wider EMEA. Each edition builds on the last to help leaders protect margins, preserve revenue, and turn volatility into strategic advantage.
The Trade That Was Ready and Still Didn’t Happen A trade can be economically complete and still not exist. The view is right,…
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Understood Early, Not Late The Interest Rate Swap Executed While Everyone Else Was Trying to Log In The Rate That Felt Like…
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The Pre-Committed Decision, the Threshold for Pain, and the Balance Sheet That Must Know When to Act Two Rooms, One Discipline In…
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Currency Mismatch, the Decision Gap, and the Balance Sheet That Was Ready When the Rate Moved The Room Where the Balance Sheet Became…
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My First Test: 2008 in Hindsight After a stellar few years in Asset Management – managing clients equity investments, from mutual funds to…
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My last edition showed that FX devaluation risk is not what happens when the rate moves – it is what was already on…
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My last edition, “Your Hedge Was Ready. Your Earnings Are on the Balance Sheet. So, Why Has Repatriation Stalled?”, showed that structural access…
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My last edition asked whether a hedge reflects the full shape of the risk, or only the shape it had when the mandate…
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My last Edition mapped the FX Liquidity Chain – the mechanical sequence by which a G7 policy move becomes an African balance sheet…
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Across nearly two decades originating, executing and advising on FX, rates, and commodities for global multinationals and large corporates across Africa, the UK,…
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The Morning Everything Moved at Once At 8am, late March 2020, my phone started vibrating before my first meeting. Earlier in the week,…
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Volatility Exposes Leadership Volatility doesn’t wait for certainty – and neither do leadership decisions. When markets move faster than models, policies, or playbooks…
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