Stefan Schilbe is Chief German Economist of HSBC and co-head of Global Research Germany. He advises companies, institutional and private investors on their asset allocation and financing decisions. Stefan is member of the "Economic and Monetary Policy Committee" of the Association of German private Banks (chairman from 2012 – 2014), member of the “Chief Economists´ Group” of the European Banking Federation EBF and several investment advisory committees and lecturer of the Private Finance Institute at the European Business School (ebs) in Oestrich-Winkel.