U.S. Economic Outlook: Continued Growth or Recession?

event_image Event offered by:
Foreign Policy Association

Event Details

Wednesday, June 29, 2022
6:00 PM - 8:00 PM 
Harvard Club of New York
35 West 44th Street
New York , NY
Event type
Lecture / Panel  

Event Transcripts and Video

Event Speakers

    • Thomas B. Michaud - Moderator
      President & CEO, KBW

      Tom Michaud is in his 34th year at Keefe, Bruyette & Woods (KBW). He was named Chief Executive Officer in October 2011 and is responsible for directing all of the firm’s business lines in both the United States and Europe. Previously, he served as President since 2006 and Vice Chairman and Chief Operating Officer since 2001.

      Under Tom’s leadership, KBW has become one of the leading investment banks to the financial services industry. The company is regularly recognized for its leadership in mergers & acquisitions, capital raising, equity research and equity sales and trading and is considered one of the premier specialist investment banks in the nation. Tom maintains strong personal relationships with leading industry executives, policy makers, and institutional investors and has been instrumental in executing many of KBW’s largest transactions.

      In February 2013, Tom led the firm’s merger into Stifel Financial Corp. KBW is now a wholly owned subsidiary of Stifel and Tom serves as Senior Vice President and is a member of Stifel’s Institutional Group Management Committee.

      Tom is a member of the Board of Directors of MyGoodDeed, the nonprofit organization that established and leads the September 11 National Day of Service and Remembrance (“9/11 Day”), the nation’s largest annual day of charitable engagement. He also serves on the Board of the Foreign Policy Association of New York and the Advisory Board of the Marshall School of Business at the University of Southern California. He is a past Member of the Greenwich Town Meeting and a past Board Member of the Greenwich Chapter of the American Red Cross and the Middlebury College Capital Campaign Committee.

      Tom is a graduate of Middlebury College and earned an MBA from the Stern School of Business at New York University.

    • Joyce Chang - Panelist
      Managing Director and Chair, Global Research, J.P. MorganChase

      Joyce Chang is the Global Head of Research and a member of the management committee for J.P.Morgan’s Corporate & Investment Bank. J.P. Morgan’s award winning Global Research provides clients with informed views and actionable ideas on economic indicators, markets and companies around the world. J.P. Morgan’s Global Research department has more than 900 analysts located in 26 countries. J.P. Morgan holds top industry research rankings and has ranked #1 for U.S. equity and fixed income research and European fixed income research in Institutional Investor’s and Greenwich Associates research surveys since 2010. From 1997 through 2012, Joyce held top rankings in Institutional Investor’s Fixed-Income Research surveys for Emerging Markets research, including the distinction of earning 25 #1 individual rankings. In 2014, she was inducted into the Fixed Income Analyst Society Hall of Fame. Prior to joining J.P. Morgan in 1999, Joyce was a Managing Director at Merrill Lynch and Salomon Brothers. She is a member of the Council on Foreign Relations and the Inter-American Dialogue and serves on the Board of Directors of Trickle Up and Girls Inc. She also co-chairs J.P. Morgan’s Corporate and Investment Bank Women’s Network. She has been named as one of Top 25 Most Powerful Women in Finance by American Banker for the past four consecutive years and recognized by the Wall Street Journal (Top 50 Women to Watch), Crain’s Business New York (40 Under 40), the Asian American Business Development Council (Outstanding 50 Asian Americans in Business) and the Women’s Bond Club (Annual Merit Award). She received her B.A. from Columbia University and won the College’s John Jay Award in 2014. She earned a Master of Public Affairs from the Woodrow Wilson School at Princeton University.


    • Dr. Stephen Brozak - Panelist
      Managing Partner and President, WBB Securities

      Steve Brozak is the Managing Partner and President of WBB Securities.  Before co-founding WBB Securities, Mr. Brozak held various positions in finance at several prominent Wall Street firms including Alex. Brown & Sons, Cowen & Company, Dean Witter, and Salomon Brothers.

      As the firm's Senior Equity Analyst, Mr. Brozak is an award winning analyst whose research has been singled out from his peers for accuracy and performance year after year by the financial industry's most highly regarded rankings organizations. His research is currently monitored by the Bloomberg, StarMine and FactSet platforms.  Most recently in 2013, Mr. Brozak was selected as a top analyst in the pharmaceuticals sector by the StarMine/Financial Times Industry Analyst Awards system.  The Wall Street Journal distinguished Mr. Brozak as its Best on the Street Medical Equipment and Supplies financial analyst in its 19th Annual Best on the Street Survey.  In 2010, Mr. Brozak received the StarMine Thompson Reuters/Financial Times Best Brokerage Analyst award in the Biotechnology space.

      With a 30-year track record in sales, banking and analysis in life sciences, Mr. Brozak is a highly sought after media commentator on the life sciences sector by prominent news agencies on the web, television, and in print media.  As a speaker, Mr. Brozak is invited to address major institutional audiences at numerous industry conferences and summits to share his ideas and expertise in identifying trends in the healthcare. Mr. Brozak is a published author in multiple scientific journals such as Nature, The British Medical Journal, and Brain Stimulation.  He is also a contributor to Forbes and ABC News where he expresses his views about  healthcare.

      Mr. Brozak served in the United States Marine Corps retiring as a Lieutenant Colonel and in retirement served on the Secretary of the Navy's Navy and Marine Corps Retiree Council, where he focused on healthcare, benefits and other veteran issues.  Mr. Brozak received his BA and MBA from Columbia University, and his Doctorate in Medical Humanities (DMH) from Drew University.  Mr. Brozak's doctoral focus was on the U.S. healthcare system. Mr. Brozak holds FINRA licenses 3, 7, 8, 24, 63, 65, 79, 86, 87 and 99.



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