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Economic and Investing Outlook for 2H2023 and Beyond
Nathan Sheets, Ph.D., Citi
Cary Greenspan, CMT, United Bancshares


May 25, 2023
Thursday 06:00 PM
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Washington Association of Money Managers
is pleased to present an in-person program on
Thursday, May 25th for a panel discussion


"Economic and Investing Outlook for 2H2023 and Beyond"



Location:
National Press Club, the Zenger Room

Time:
Reception will begin at 6:00 PM ET
Panel discussion will begin at 6:30 PM ET

COVID-19 Safety Guidelines: We require all registrants to be vaccinated against COVID-19 prior to attending WAMM events.

When the Fed began aggressively hiking rates last year, the goal was to cool inflation. The most recent data shows year-over-year inflation growth at 4.9%, nearly cut in half from last year’s high. Has the Fed tamed the (inflation) dragon and is now gearing up to reverse course on higher interest rates? With private sector demand holding up and the labor market yet to show any significant cracks, a pause in the rate-hiking cycle is more likely as the case for a rate cut remains shaky. What does this mean for investors? Will the Fed pause or even a cut mark a shift to a risk-on market regime?

We are fortunate to have an all-star panel of seasoned industry experts to walk us through the macroeconomic and investing outlook for 2H2023 and beyond. Nathan Sheets, Ph.D. is Global Chief Economist at Citi Research, where he leads Citi’s surveillance and forecasting of the global economy and directs the analysis of the firm’s economics team. Cary Greenspan, CMT is Chief Investment Officer for United Bank Wealth and Investment Management, where he establishes and guides the overall investment philosophy, strategy, risk tolerance and vision for all Personal, Trust and Institutional clients.

Please note that the Chatham House Rule applies – neither the comments of the speakers nor those of other participants are for attribution.

Please register below by 6:00 PM ET on Thursday, May 25, 2023. The event is $35 for WAMM members, $55 for non-members, $20 for student members, and $25 for student non-members. Please try to register early, as the space is limited!


Cary W. Greenspan, CMT
Chief Investment Officer
United Bankshares

As a wealth and investment management professional with more than 35 years of experience, Cary Greenspan has held various leadership roles within the industry. In his current role as Chief Investment Officer for United Bank Wealth and Investment Management, Cary establishes and guides the overall investment philosophy, strategy, risk tolerance and vision for all Personal, Trust and Institutional clients. In his role as the Chief Investment Officer, Cary chairs the Investment Committee and is responsible for the successful implementation of all investment initiatives within the bank’s footprint.

Prior to his current role, Cary was the National Director of Investments for Comerica Bank, a Dallas, Texas headquartered financial institution. Cary led and managed all investment related aspects of the Personal Wealth and Trust Management business and served on the Investment Policy Committee.

Prior to Comerica, Mr. Greenspan spent 11 years with PNC Bank. Mr. Greenspan served as the national managing director of investments for Hawthorn, PNC Family Wealth, which was dedicated to serving the needs of individuals and families with investable assets in excess of $20 million. Mr. Greenspan served on the Investment Policy Committee for the Asset Management Group responsible for over $175 billion in discretionary assets under management. He also served as the director of investments for PNC Wealth Management throughout the entire eastern region of the United States.

In addition, he served on the Investment Advisor Research Committee and the Derivatives Policy Committee. While in Hawthorn, Cary also chaired the Technical Analysis team and the Investment Review Committee. He was frequently quoted in national business publications for his keen insights into the current investment and economic environment.

Prior to PNC, Mr. Greenspan served as president of his own registered investment advisory firm, Cary W. Greenspan Investment Management, LLC, and he began his career as an investment broker with Kidder, Peabody and Company.

Cary holds a Bachelor of Science degree in commerce from the McIntire School of Commerce at the University of Virginia. He earned a Master of Business Administration degree from Northeastern University in Boston.

As a Chartered Market Technician (CMT), Mr. Greenspan is a past Board Member of the CMT Association and is a past member of the Washington Association of Money Managers.

Active in the community, Mr. Greenspan served on the Fairfax County, Virginia Park Authority and is a past Board Member and coach within the Great Falls, Virginia Little League baseball organization and the Lower Loudon County, Virginia Football League. He is also a past Advisory Board member for the McIntire School of Commerce at the University of Virginia.

Cary also frequently contributes his time to guest lecturing in finance and investments at a variety of colleges and universities.

Nathan Sheets, Ph.D.
Global Chief Economist
Citigroup Inc.

Nathan Sheets, Ph.D., is Global Chief Economist at Citi Research. In this role, Nathan leads Citi’s surveillance and forecasting of the global economy and directs the analysis of the firm’s economics team. He interacts closely with Citi’s major institutional clients and internal risk takers, and publishes research on cross-cutting themes shaping the global economy and financial markets.

Most recently, Nathan was Chief Economist and a member of the senior investment team at PGIM Fixed Income. He also has served as Under Secretary of the U.S. Treasury for International Affairs, representing the U.S. government on international economic issues during the Obama administration. Previously, he held positions with Citigroup, as Global Head of International Economics, and with the Federal Reserve Board, as Director of the Division of International Finance and FOMC Economist. In addition, Nathan was a senior advisor to the U.S. Executive Director of the International Monetary Fund and a visiting fellow at the Peterson Institute for International Economics. He joined Citi in October 2021.

Nathan received his B.A. from Brigham Young University in 1989 and his Ph.D. in economics from the Massachusetts Institute of Technology in 1993.



Location:
The National Press Club
529 14th Street NW
13th Floor
Washington, DC