Distilled Intelligence 3.0 Connects Investors with top Startups

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Investors will gain exclusive access to high-potential early-stage startups and targeted co-investment opportunities at Distilled Intelligence 3.0 (DI 3.0) from October 13-16, 2025, in an invitation-only summit hosted by Frtify Ventures and Loudon County’s Department of Economic Development. 

At the heart of this event is a $1 million SAFE note prize available to one of the approximately 100 handpicked seed to Series A companies pitching across sectors like cybersecurity, health, defense tech, energy and future-of-work. 

DI 3.0 is designed to go past traditional pitch competition. In addition to curated one-on-one meetings, attendees will engage in panels, breakout sessions and networking with family offices, VCs and seasoned startup operators. All these in a setting optimized for relationship-building rather than transactional interactions. 

Founders accepted to the program receive complimentary lodging and meals to ensure access to top-tier investors without financial burden. Applications are open through September 15, 2025, at DistilledIntelligence.com and are reviewed on a rolling basis. 

This year, DI 3.0 also welcomes experienced startup operators who can offer strategic insight and potential collaboration opportunities to both investors and founders. 

“Distilled Intelligence 3.0 is more than just another event – it’s a meticulously curated gathering designed to nurture the next generation of transformative businesses,” said Jonathon Perrelli, Managing Partner at Fortify Ventures. 

Attendees will enjoy a full agenda that blends structured programming with informal networking, including keynote sessions, industry roundtables, and activities such as tennis, yoga, and fireside chats. The full speaker lineup and selected startups will be announced later this year. 

For media or registration inquiries, contact kari@redironpr.com. Investors and partners seeking invitations can email hello@fortify.vc

1 in 4 U.S. Workers is Functionally Unemployed

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Nearly 25% of American workers are now considered functionally unemployed, according to the May True Rate of Unemployment (TRU) report from the Ludwig Institute for Shared Economic Prosperity. The rate rose to 24.3%, up from 24.2% in April, marking a continued start on full-time, living-wage employment.

However, the official Bureau of Labor Statistics unemployment rate remained flat at 4.2%, underscoring the growing gap between traditional job metrics and actual workforce conditions. LISEP’s TRU metric includes the unemployed, underemployed, and those working full-time in poverty-wage positions. 

“Wages aren’t keeping up with the rising cost of living, and the shrinking availability of living-wage jobs is compounding the strain. The consequences for working families are becoming increasingly severe,” said LISEP Chair Gene Ludwig

The report noted mixed outcomes across demographics. Black and Hispanic workers saw modest improvements, with TRU falling to 26% and 27%, respectively. However, white workers experienced an increase to 23.6% and women saw their TRU jump 1.3 points to 29.9%, widening the gender gap once again to 10 percentage points. In contrast, the rate for men dropped 19.3%

The TRU has remained above 24% since February, a level not seen consistently since the pandemic’s economic fallout. Analysts say this trend signals growing inequality in the labor market and deeper structural issues affecting low-and middle-income workers. 

“Identifying trends is key in determining the direction of the economy, and unfortunately, for low and middle-income workers, the trends are not encouraging,” said Ludwig. 

Memory of a Quarter Century: How Long It Has Taken Markets to Recover From Each Financial Crisis

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Creand Wealth Management, an entity specialized in private banking, addresses how financial markets have behaved after those periods of crisis, with the aim of analyzing how long they took to recover and observing the impact of those crises on the development of stock markets in the medium and long term.

The Dot-Com Bubble (1999–2000)
The dot-com bubble crisis refers to the period between the end of the 20th century and the beginning of the 21st, where companies whose business was based on technological advances experienced very rapid growth, which led to problems derived from the lack of knowledge about those new business models and a miscalculation regarding expectations of profit generation.

This crisis gave rise to the massive bankruptcy of tech companies and a reduction of jobs related to the sector, with a drop of more than 82% in the Nasdaq-100, the U.S. stock index that includes the 100 most important technology companies, during the period between March 27, 2000, and October 9, 2002. The index took 15 years to recover, although the growth experienced since 2015 has allowed it to increase its stock market value by 405% over the last decade.

The Global Financial Crisis (2007–2008)
This was the most serious financial crisis since the Great Depression of 1929, caused by a situation where excess credit and laxity in granting mortgages to people with low credit profiles (subprime) converged. Mortgage debts multiplied, causing a wave of foreclosures that ultimately pushed systemic entities into bankruptcy, such as the case of Lehman Brothers in September 2008. This situation led to a global crisis of confidence and a freeze in credit granted to both companies and individuals.

This crisis caused a sustained drop in financial markets globally, which lasted until 2010. If we take the MSCI World index as a reference, a broad global equity index that represents the performance of mid- and large-cap equity, markets took almost six years (February 2013) to reach the highs prior to the crisis.

The European Sovereign Debt Crisis and the Euro Crisis (2010–2012)
The increase in public and private debt levels worldwide, to stimulate growth and rescue entities after the great financial crisis, fostered a breeding ground that led to a sovereign debt crisis, a banking system crisis, and an economic system crisis in the European Union. This scenario triggered a wave of downgrades in the credit ratings of several European states’ government debt.

The impact was especially significant in countries like Spain, Italy, Portugal, and Greece, whose chronic deficit levels worsened due to a lack of control. The loss of confidence in these markets caused a sell-off of debt from countries with higher exposure to risk and an increase in the risk premium that led to a generalized loss of confidence.

If we take as a reference the evolution of the main indices of Spain and Italy, the two most important economies in the eurozone that suffered the impact of the debt crisis, we observe that in Spain, the Ibex has not returned to the levels of 11,900 points until January 2025, despite already coming from a downward trend due to the 2007 crisis, when it had reached its all-time highs, standing at 15,945 points in November 2007.

In the case of Italy, its benchmark index, the FTSE MIB, suffered a 72% drop from May 18, 2007, to March 9, 2009. After a slight recovery during that year, it took almost nine years to recover the levels reached in September 2009 (23,900), in April 2018.

The Market Drop Due to the COVID-19 Pandemic (2020)
The global pandemic caused by COVID-19 is another example of a black swan for markets. It unexpectedly affected the entire planet at the beginning of 2020, and caused lockdowns and closures never before seen worldwide. Taking the MSCI World as a reference, in just two months, markets fell 34%, from February to March 2020, as a result of nervousness and the paralysis of economic activity. In fact, two of the five largest stock market crashes in history occurred almost consecutively during the first days of the health crisis, on 03/12/20 (-9.9%) and 03/16/20 (-9.9%).

Despite that nearly 20% drop between January and March 2020, the recovery was also very fast. Markets had already recovered pre-pandemic levels by December of that same year and, from that moment on, stock markets have experienced robust growth, driven by the momentum of large technology companies.

The Impact of Global Inflation and Restrictive Monetary Policies (2021–2025)
After the COVID-19 pandemic, the global economy faced a scenario of rising energy prices, never-before-seen fiscal stimulus, and a supply chain crisis that caused a significant increase in global inflation. The rise in prices, along with restrictive monetary policies by major central banks, posed some challenges for the economy: minimizing the rising cost of credit and the drop in investment and consumption, market volatility, and the risk of economic stagnation.

Nonetheless, the impact was limited in the markets. According to the MSCI World, from the historical high reached in December 2021 up to that moment—when markets were riding a bullish trend driven by the progressive return to post-COVID-19 normalcy—stock markets took 26 months to recover (February 2024), and from that moment, they have experienced sustained growth.

The Return of Donald Trump to the U.S. Presidency (2025)
The growth potential of the markets in recent years, mainly under the momentum of technology companies, has been halted following the arrival of Donald Trump to the presidency of the U.S., in his second term. His aggressive tariff policy has caused declines greater than 10% in financial markets globally. The MSCI World fell 11.29% and recovered the levels prior to the announcement (3,668 points) on May 1, 2025. In particular, markets suffered major declines after the so-called Liberation Day, last April 2, when Trump announced his massive tariff package. However, it is still too early to see the short- and medium-term impact and how the stock markets will recover.

Patience, Discipline, and Diversification
In a financial environment that is in constant change and evolution, black swans—those unpredictable surprises that can drastically alter markets—will always be present. From economic crises to global pandemics, events that seem distant and unlikely can happen at any moment and affect the stability of assets and challenge traditional strategies. However, history teaches a fundamental lesson: patience and discipline, along with proper diversification, are the keys to surviving and thriving in times of uncertainty.

Remaining invested during sharp downturns, far from being a risky strategy, is actually one of the most prudent decisions an investor can make. Juan Litrán, analyst at Creand Family Office, explains that “market corrections, no matter how painful they may seem in the short term, have historically been the breeding ground for long-term opportunities. Black swans, though challenging, also bring with them a market recalibration that, for those who stay true to their diversified investment strategies, offers significant returns once the volatility is overcome.”

On the other hand, diversification, far from being just a technique to mitigate risks, becomes a lifeline in the face of global uncertainty. According to Litrán, “by spreading risk across different asset classes, sectors, and geographies, investors not only protect their portfolio against the unexpected, but also position themselves to capture growth when the market recovers.”

Thus, what today seems like a black swan, with the passage of time, can be perceived as an opportunity. “That is why it is essential that investors do not get carried away by emotions or panic that distance them from their long-term goal. Investing requires vision, discipline, and above all, a well-diversified strategy that withstands the test of time, even in the most turbulent moments,” adds Litrán.

After Three Decades of Stagnation, Nuclear Energy Generation Is Booming

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After decades of stagnation, global nuclear energy supply is expected to increase significantly in the coming years, according to a report by Brian Lee and Carly Davenport, analysts at Goldman Sachs Research.

“By 2040, our analysts forecast that global nuclear generation capacity will increase from 378 gigawatts (GW) to 575 GW, representing a rise in nuclear energy’s share of the global electricity mix from approximately 9% to 12%,” the note states.

The projected increase in generation capacity coincides with a rise in global support for nuclear energy and a resurgence in investment in nuclear generation. In May, President Donald Trump signed executive orders to accelerate the adoption of nuclear energy in the U.S., aiming to expand nuclear power from the current 100 GW to 400 GW by 2050. Meanwhile, China plans to build 150 nuclear reactors over the next 15 years, targeting 200 GW of nuclear generation capacity by 2035. At the latest COP29 meeting, held in November 2024, 31 countries committed to advancing toward the goal of tripling global nuclear generation by 2050.

Global investment in nuclear energy generation is also increasing: investment grew at a compound annual rate of 14% between 2020 and 2024, following nearly five years without growth in spending.

“This has occurred following improved political support globally, underscored by rising energy demand and lower-emission alternatives in a world that is retiring coal plants at a much faster pace than building new ones,” Lee and Davenport write in the team’s report.

Nuclear reactors require uranium as fuel. According to Goldman Sachs, “as more plants come online and the lifespan of existing reactors is extended, the team expects a rise in uranium demand in the coming years, which will likely drive up the price of the metal.”

In total, the team forecasts a uranium supply deficit of approximately 17,500 tonnes by 2030. “We expect this deficit to increase to approximately 100,000 tonnes by 2045, as new reactors come online,” Lee and Davenport write.

The American Continent Led Wealth Creation in 2024

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The global wealth landscape continued to evolve in a year marked by shifts in the economic environment. According to the 2025 edition of the UBS Global Wealth Report, global wealth increased by 4.6% in a dynamic rebound after registering 4.2% growth in 2023, thus maintaining an upward trend.

The report’s findings indicate that the pace of growth was quite uneven, with North America contributing the most, while the American continent as a whole accounted for the majority of the increase: over 11%. “The stability of the U.S. dollar and the dynamism of financial markets contributed decisively to this growth,” the document notes.

In contrast, the Asia-Pacific (APAC) region and the one comprising Europe, the Middle East, and Africa (EMEA) lagged behind, with growth rates below 3% and 0.5%, respectively.

Key Trends
Focusing on geographic trends, the report notes that adults in North America were, on average, the wealthiest in 2024 (USD 593,347), followed by those in Oceania (USD 496,696) and Western Europe (USD 287,688), while Eastern Europe recorded the fastest growth in average wealth per adult, with an increase of over 12%.

However, measured in U.S. dollars and in real terms, more than half of the 56 markets in the sample not only did not contribute to global growth last year, but actually saw a decline in average wealth per adult. Despite this, Switzerland once again topped the list of average wealth per adult among individual markets, followed by the United States, the Hong Kong Special Administrative Region, and Luxembourg. Notably, Denmark, South Korea, Sweden, Ireland, Poland, and Croatia recorded the largest increases in average wealth, all with double-digit growth rates (in local currency).

Another striking finding from the report is that the number of dollar millionaires increased by 1.2% in 2024, representing a rise of more than 684,000 people compared to the previous year. Once again, the United States stood out by adding more than 379,000 new millionaires—over 1,000 per day. “The United States, mainland China, and France recorded the highest number of dollar millionaires, and the U.S. alone accounted for nearly 40% of the global total,” the findings state.

According to UBS, over the past 25 years there has been a notable and steady increase in wealth worldwide, both in total and across each of the major regions. In fact, total wealth has grown at a compound annual growth rate of 3.4% since 2000. “In the current decade, the wealth bracket below USD 10,000 is no longer the largest segment in the sample, as it has been surpassed by the next bracket, between USD 10,000 and USD 100,000,” they note.

Over the next five years, the report’s forecasts for average wealth per adult point to continued growth, led by the United States, as well as China and its area of influence (Greater China), Latin America, and Oceania.

From the Classic 60/40 Portfolio to the 40/30/30 Strategy: It Is the Moment for Alternatives

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For decades, the famous 60/40 portfolio, which allocates investments with 60% in stocks and 40% in bonds, was considered the standard model of diversification for conservative and moderate investors. But times have changed, and with them, the fundamentals that supported this strategy. A recent report published by Candriam questions the current effectiveness of this traditional model in the face of an economic landscape marked by volatile inflation, persistently high interest rates, and growing geopolitical tensions. In addition, it highlights the relevance of including alternative assets in portfolios.

Although stocks performed well in 2023 and 2024, driven by moderating inflation, future expectations are more modest. Interest rates continue to constrain equity valuations, while bonds continue to offer reduced returns and less protective capacity. The consequence: the breakdown of the balance that made the 60/40 model a reliable option to face adverse scenarios.

The study underscores that despite its strong historical performance over the past two and a half decades, the risk profile of the 60/40 has generated serious concerns. A nominally allocated portfolio in this proportion has shown a correlation close to 1 with the equity market, which in practice makes it a reflection of stock behavior. This means that in times of crisis, such as in 2008 or during the market collapse due to the pandemic in 2020, the 60/40 did not offer the protection many expected. For most investors, losses exceeding 30% are not acceptable, which raises the urgency to review the model and seek additional, more resilient sources of diversification.

The document, signed by Johann Mauchand, Pieter-Jan Inghelbrecht, and Steeve Brument, proposes a new formula to restore diversification and improve the risk-return profile of portfolios: the 40/30/30 strategy, which includes alternative assets as a third key component.

Increasing Portfolio Resilience: The 40/30/30 Approach
For Candriam, the answer lies in diversifying beyond traditional instruments. The proposal: to replace 30% of a 60/40 portfolio with alternative assets, using the Credit Suisse Hedge Fund Index as a reference. The result, according to the historical analysis, is compelling: higher returns, lower volatility, and better downside protection.

The new 40/30/30 portfolio, composed of 40% stocks, 30% bonds, and 30% alternatives, showed a 40% improvement in its Sharpe ratio, a metric that assesses risk-adjusted returns. Even using a passive index-based allocation, the benefits were significant.

Charting a New Direction
Candriam’s study warns about a crucial aspect that many investors overlook: not all alternative assets are the same, nor do they behave in the same way under different market conditions.

Using broad indices as a reference is useful as a starting point, but it also highlights a structural challenge: the universe of hedge funds and alternative strategies is immensely diverse, and their performance can vary significantly. The difference between properly selecting which type of alternative to include in a portfolio—or not—can have a decisive impact on the final outcome.

To address this problem, Candriam proposes a functional allocation framework designed to go beyond the simple grouping of assets under the “alternatives” label. Instead of treating these strategies as a homogeneous block, the firm suggests classifying them according to the functional role they play within a portfolio, dividing them into three broad categories: downside protection, generation of uncorrelated returns, or capture of upside potential.

This segmentation enables the construction of more resilient and efficient portfolios, adjusting them dynamically according to the economic environment. The key, according to Candriam, lies in an active and centralized allocation that responds to market changes in real time.

Implications for Asset Allocation
Candriam concludes that adopting this more flexible and functional approach can improve results in three essential dimensions: higher returns, lower risk, and better-controlled drawdowns. To achieve this, it recommends two simple but powerful actions: selecting alternative assets that fulfill one of the three defined roles and dynamically rebalancing the portfolio according to the macroeconomic context.

The conclusion of the report is clear: the 60/40 model is not dead, but it does need a thorough revision. In an increasingly uncertain environment, the strategic inclusion of alternative assets could be the key to building truly diversified portfolios prepared for the future.

Vanguard Reduces Fees on Its Range of Fixed Income ETFs Available to European Investors

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Vanguard has announced the reduction of fees on seven of its fixed income exchange-traded funds (ETFs) available to European investors, effective July 1, 2025. According to the firm, this measure reinforces Vanguard’s commitment to making fixed income investing more accessible, especially in a context where bonds are playing an increasingly important role in investors’ portfolios.

“The bond market is currently twice the size of the equity market, but it remains opaque and costly. Investors deserve something better. At Vanguard, we believe that in investing, you get what you don’t pay for. Costs matter. By reducing fees, we are helping to make fixed income more accessible and transparent. We estimate that these changes will represent approximately 3.5 million dollars in annual savings for investors. We have already expanded, and will continue to expand, our fixed income offering throughout this year,” said Jon Cleborne, Head of Vanguard for Europe.

The following ETFs will have their fees reduced starting July 1.

Vanguard Positions Itself in Fixed Income
Vanguard is the second largest asset manager in the world, with 10.5 trillion dollars in assets under management globally as of May 31, 2025. Its fixed income group, led by Sara Devereux, manages more than 2.47 trillion dollars globally, combining deep expertise to deliver precise index tracking, prudent risk management, and competitive performance.

Earlier this year, Vanguard expanded its range of European fixed income products with the launch of the Vanguard EUR Eurozone Government 1–3 Year Bond UCITS ETF, Vanguard EUR Corporate 1–3 Year Bond UCITS ETF, Vanguard Global Government Bond UCITS ETF, and Vanguard U.K. Short-Term Gilt Index Fund.

Following these changes, the weighted average asset fee of Vanguard’s European range of index and actively managed fixed income funds will be 0.11%. Currently, Vanguard offers 355 fixed income index products in Europe, and on average, its range of fixed income ETFs is the most cost-effective in the European market. Across its entire product offering in Europe, the weighted average asset fee will now be 0.14%.

Lisandro Chanlatte and Carlos Asilis Create AC Global Investment Partners; Target Institutions and UHNW Families

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Lisandro Chanlatte and Carlos Asilis, professionals with long experience in the financial market, became independent to create AC Global Investment Partners, an independent investment advisory and management platform prepared to “act as a trusted steward of the generational wealth” of institutions and ultra-high-net-worth families.

Both aim to be “long-term partners of sophisticated investors,” in their own words. They have set a goal of reaching 500 million dollars in AUMs within three years, working with between 20 and 40 families, both in the onshore and offshore markets.

In the founding documents of AC Global—reviewed by Funds Society—you can read the services the firm will offer, and also the way it will operate. Both partners will provide a comprehensive, customized solution for professional wealth oversight. It was designed exclusively to serve ultra-high-net-worth families and institutional investors with more than 25 million dollars in liquid assets under advisory.

Based in New York (Chanlatte) and Miami (Asilis), they promise to mediate between their clients and multiple financial providers, ensuring optimal asset management. Their platform offers four exclusive investment strategies: Global Fixed Income, Global Balanced, Global Absolute Return, and Global Thematic, all based on a macroeconomic and multi-asset framework that prioritizes alpha generation while protecting against drawdowns and supporting long-term growth.

Above all, what will distinguish AC Global, Chanlatte assured Funds Society, is its independent perspective, which will avoid conflicts of interest in investment recommendations and biases in decision-making. The new firm will allow its clients to continue working with their preferred banks and providers, but “now optimized by professional oversight.”

For Chanlatte, “this will be more than a new company: it is a reinvented model to deliver institutional-quality investment management with the alignment, transparency, personalized service, and independence our clients deserve.”

The Chief Investment Officer of AC Global, Carlos Asilis, has managed institutional capital for pension funds, endowments, foundations, insurance companies, family offices, and U.S. private banking clients. “His multi-cycle track record reinforces our ability to deliver consistent, risk-adjusted returns in both stable market regimes and periods of stress,” states the firm’s founding document.

Different but Complementary Backgrounds
The backgrounds of Chanlatte and Asilis are different but highly complementary, adding value to the firm. The former has broad experience, acquired mainly at Citi Private Bank, where he led investment advisory teams and strategies for institutional and ultra-high-net-worth clients. Meanwhile, the latter specializes in macro investing and portfolio risk management.

Lisandro Chanlatte is an executive in the private wealth management industry with extensive experience in investment strategy, portfolio construction, and comprehensive asset allocation solutions for ultra-high-net-worth individuals and institutions. At Citi, he was part of the leadership team of Global Private Bank, the area of Ida Liu, who resigned from her position at the end of last January.

With a professional track record of over two decades, his experience in global asset management and business strategy focused on leading the Investment Advisory department of Citi Private Bank in North America.

Previously, as Chief Investment Officer for Latin America at Citi, he managed a significant investment business and led a large team across multiple financial centers. His responsibilities included developing investment strategies and overseeing about 50 billion dollars in assets. Almost his entire professional career was linked to the U.S. bank. Before joining Citi, he worked as an equity research associate, also in New York, at J.P. Morgan, and was Managing Director & Investment Officer at BAP Capital, a real estate fund.

Chanlatte holds a Bachelor’s degree in Business Administration from Loyola University New Orleans (summa cum laude) and an MBA from Harvard Business School. He is also a Chartered Alternative Investment Analyst (CAIA) and holds FINRA Series 7, 24, 31, 63, and 65 licenses.

Carlos Asilis is an expert with 30 years of experience in global macroeconomic investing, economic analysis, and portfolio construction. Before co-founding AC Global, he was a portfolio manager at Graham Capital Management and co-founder and Chief Investment Officer at Glovista Investments, where he managed multi-asset and emerging market strategies with peak assets exceeding 1.1 billion dollars.

Earlier, he was Chief Investment Strategist at JPMorgan Chase, where he advised institutional clients worldwide and defined global asset allocation views. At the start of his career, he worked at some of the world’s most respected macro and proprietary trading platforms: VegaPlus Capital Partners, Santander Global Proprietary Trading, and Credit Suisse First Boston. These experiences deepened his understanding of market cycles and risk management, skills that remain central to his investment philosophy as Chief Investment Officer of AC Global Investment Partners.

Asilis also worked as a research economist at the International Monetary Fund (IMF), where he was involved in economic surveillance programs and structural reform in China and Russia. He holds a Ph.D. in Economics from the University of Chicago and a Bachelor’s degree in Economics and Finance from the Wharton School at the University of Pennsylvania. His market approach is based on data and global insight.

Companies Risk Suffering More Acute Supply Chain Failures in 2025

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In this 2025, organizations face an increased risk of suffering acute supply chain failures as a result of growing global geopolitical tensions and protectionist trade strategies, according to a new report published by Marsh.

According to its analysis, in addition to the risks associated with the reconfiguration of global trade and geopolitics, the report concludes that changing market and policy dynamics present both challenges and opportunities for organizations in the energy transition, especially regarding carbon credit markets (CCMs) and debt-for-nature swaps (DFNSs).

One of the findings highlighted in the report is that organizations trading with connector countries to circumvent existing or anticipated trade controls, or that have suppliers doing so, may be more exposed to disruptions induced by trade policies in the months and years ahead. “As a result of deteriorating relations between major trading partners, governments may also impose trade barriers on goods coming from connector countries, especially those that include components from the originally targeted country, which could create significant volatility in the global supply chain,” it notes.

What Can Companies Do?

To improve their resilience to supply chain shocks arising from the current geopolitical landscape, the report recommends that organizations review China’s commitment to its trade strategy and the underlying objectives of U.S. trade policy, and consider to what extent the current connector model will persist in relation to their business models.

The Political Risk Report states that changing market and policy dynamics present both challenges and opportunities in the energy transition, echoing the findings of the World Economic Forum Global Risks Report 2025, in which environmental risks dominate the 10-year horizon.

While global CCMs made significant progress at COP29 and DFNSs have also gained momentum, challenges remain in both areas regarding political risk and the possibility of default. Additionally, the growing climate compliance obligations, especially those stemming from new European Union regulations, may present operational risk challenges for organizations.

“Increased risks around the economy, geopolitics, and climate change are creating an incredibly complex operating environment, unlike anything organizations have experienced in decades. Those who build their ability to understand, assess, and mitigate the risks facing their operations are likely to be better positioned to identify opportunities where others only see ambiguity and to gain a competitive advantage in these uncertain times,” said Robert Perry, Global Head of Political Risk and Structured Credit at Marsh Specialty, in light of these findings.

BBVA Global Wealth Advisors Appoints Juan Carlos de Sousa as Head of Wealth Planning

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BBVA Global Wealth Advisors has named Juan Carlos De Sousa as its new Head of Wealth Planning. The first announced the leadership change as an effort to strengthen its commitment to serving ultra-high-net-worth families with cross-border financial needs. 

With more than 20 years of experience in global wealth structuring and estate planning, De Sousa brings another perspective to the role. He previously held leadership positions at CISA Latam and Amerant Bank, where he focused on developing strategies for international families. 

At BBVA GWA, De Sousa will oversee a Wealth Planning service designed to act as a central coordination hub for UHNW families. 

“I am excited to join the BBVA GWA team”, said Juan Carlos De Sousa. “Modern global families face a complex web of financial considerations. Our primary goal is to serve as a central resource, helping clients coordinate with their advisors all the pieces of their financial lives to build a cohesive, multigenerational plan”, he added.

While BBVA GWA’s Wealth Planners provide educational guidance and facilitate collaboration, they do not offer tax or legal advice. Instead, the firm refers clients to a network of independent professionals, referred to as “BBVA’s Allies”, who deliver specialized services directly to clients.

De Sousa’s appointment emphasizes BBVA GWA’s continued focus on offering a structure, client-centered framework for navigating the challenges of global wealth management.