iOS app Android app

Georges Ugeux
GET UPDATES FROM Georges Ugeux
 
A lawyer and economist by training, Georges Ugeux has focused his entire 40 year career on the global dimensions of business, government and finance. He has a deep understanding of the international dimension of negotiations, networks and partnerships.

Prior to starting Galileo Global Advisors in 2003, Georges immersed himself in the global equity markets by heading the International Group of the New York Stock Exchange. During his 7 year tenure, he brought more than 300 non-US companies, valued at $ 2.7 trillion, to the US market.

Earlier in his career, Georges became President and Managing Director of Kidder, Peabody Europe. He was also a member of the European Corporate Executive Council of General Electric and President of the European investment Fund, a public private partnership financing infrastructure and SME projects owned by the European Investment Bank, the European Community and 77 European banks.

Georges began his career in commercial banking at Societe Generale de Banque (now BNP Paribas Fortis), where he headed the investment banking and trust division. He later became Managing Director of Morgan Stanley’s Mergers and Acquisitions department, as well as Group Finance Director at Societe Generale de Belgique, a Belgian conglomerate.

He teaches European Banking and Finance at Columbian Law School. He is a frequent public speaker and educator on global issues (at the College of Europe in Bruges and Harvard Law School).

Georges holds a Doctorate in Law and is Licentiate in Economics from the Catholic University of Louvain. He chairs, and sits on, Boards of numerous transatlantic organizations.

Since October 2008, Georges has written Demystifying Finance blog for LeMonde.fr, the leading French newspaper and this blog was recently selected by Challenges.fr as the best economic blog. he published a book "the betrayal of Finance" available on lulu.com and amazon.com. He teaches European Banking and Finance at Columbia Law School.

He has dual American and Belgian citizenship.

Entries by Georges Ugeux

Ukrainians, Not the U.S., Will Resolve Their Problems

(2) Comments | Posted March 6, 2014 | 9:47 PM

Here we are again. Something bad happens sometimes. After declaring that we do not want to go to war, we are back to the warrior path. We just love it, don't we? Particularly the GOP who prefers to spend money on arms than on food stamps or health care. It...

Read Post

The New U.S. Diplomatic Language: 'F**k the EU' on Ukraine

(1) Comments | Posted February 10, 2014 | 8:01 AM

Americans are not particularly praised for the subtlety of some of their favorite expressions, in particular the use of the F-word. One would, however, expect that the State Department might train its leadership in 101: Using non-offensive language in international relations.. If the course exists, Victoria Nuland, a career Senior...

Read Post

The Bitcoin Is Victim of a Ponzi Scheme While Regulators Sleep

(9) Comments | Posted January 27, 2014 | 3:43 PM

U.S. government agents have arrested Charlie Shrem, the CEO of Bitcoin exchange BitInstant, charging him with laundering money for customers of online drug bazaar Silk Road.

It started as a nice technology story. Through subtle algorithms, a complex system was based on the basis of a genius IT paper, written...

Read Post

Why the Debt Ceiling Should Be Ignored by the US Treasury

(11) Comments | Posted September 30, 2013 | 7:58 PM

The debt ceiling is an anomaly that was created to help the U.S. government fund the expenses during World War I. "The Second Liberty Bond Act of 1917 included an aggregate limit on federal debt as well as limits on specific debt issues," says a study from the...

Read Post

Immigration of Skilled Foreign Workers: America Is Shooting Itself in the Foot

(25) Comments | Posted September 20, 2013 | 11:12 PM

We have always welcomed newcomers to the United States and will continue to do so.

This is the strong statement that opens "Border Security, Economic Opportunity, and Immigration Modernization Act." The remaining 840 pages are basically there to restrict that "welcome to America" tradition and weaken this...

Read Post

Is Washington Seeking Revenge on JP Morgan or Is the US Regulatory System Out of Control?

(1) Comments | Posted September 4, 2013 | 7:19 PM

In the post-crisis tribulations, after being very close to the administration, JP Morgan started campaigning against some aspects of the new financial regulation. Its favorite target was the Volcker rule that restricts the type of investments banks can trade for their own account. It turned into a nasty campaign of...

Read Post

Can President Obama Become a Statesman?

(4) Comments | Posted August 11, 2013 | 1:18 PM

The mission of the current president of the United States is about to fail.

Several of Barack Obama's most recent interventions cast a cloud over his ability to act as a true statesman.

1. In numerous instances, the president is still appearing as a candidate and a fundraiser.. The...

Read Post

The Goldman Affair: What Is the SEC Trying to Say?

(8) Comments | Posted August 2, 2013 | 7:42 PM

I recognize to have reacted with anger and disappointment to the Court judgment on the Goldman Sachs case for which "without admitting any wrong doing", Goldman Sachs paid a $550 million fine. The hypocritical statement that has become a protection against civil suits has landed billions of dollars...

Read Post

Should Lex Americana Be Universal? FATCA Turns Foreign Banks Into Tax Informants

(33) Comments | Posted June 21, 2013 | 1:37 PM

Over the last decades, a number of initiatives taken by various U.S. administrations on both sides of the aisle have raised concerns about the actual legality of the extraterritoriality attached to laws imposed by the United States of America on other jurisdictions around the world, often using "political persuasion" rather...

Read Post

Europe Is Strangled By Its 3 Percent Budget Deficit Ceiling

(3) Comments | Posted April 30, 2013 | 5:10 PM

History will say that the two criteria of the Maastricht Treaty were improvised by a group of economists during a long night and never seriously analyzed. While I have no problem with the indebtedness limit of 60 percent, since it is the result of a multi-year series of public finance...

Read Post

The Stalemate in Italy Could Destabilize Europe

(2) Comments | Posted March 28, 2013 | 6:42 PM

With the announcement that the attempts by the Democrats to form a government have been derailed by what the Economist characterizes as two clowns, former Prime Minister Silvio Berlusconi and Beppe Grillo, the situation in Italy gets more dangerous.

With an indebtedness of 2 trillion...

Read Post

Cyprus: Europe Violates the Sanctity of Insured Deposits

(2) Comments | Posted March 18, 2013 | 12:51 PM

Europe has crossed the red line of the sanctity of insured deposits by making them subject to a partial confiscation.

It is pure extortion of bank deposits that the European Union has asked Cyprus to proceed with.

This action has huge long-term and short term consequences.

Read Post

The Sequester Is the Failure of Washington and the Best Thing That Could Have Happened

(20) Comments | Posted March 2, 2013 | 4:32 PM

Yes, it is about time that Washington (and I lump together the White House, the House, the Senate, The GOP and the Democrats) realizes that pointing fingers to each other is totally irrelevant.

The world watches this absurd show of impotence with incredulity. So, the most important country in the...

Read Post

Could Benedict XVI Be Machiavellian?

(20) Comments | Posted February 22, 2013 | 10:35 AM

I should probably start by disclosing that I am a Roman Catholic, born and raised in the Church, and was even for two years a Dominican friar. Like many European Catholics, I had placed hopes in the Vatican II Council: In 1968, when the encyclical Humanae Vitae was published, making...

Read Post

The ICE Acquisition of NYSE Is a Failure for Europe

(0) Comments | Posted January 14, 2013 | 1:12 PM

In 2011, the Deutsche Boerse Group launched an offer on the New York Stock Exchange. Everybody expected that the U.S. authorities would object to this foreign acquisition of the most iconic Stock Exchange in the United States, and arguably in the world. Not only did it not happen, but very...

Read Post

Wake Up America: We Are Losing the Moral Ground

(56) Comments | Posted December 15, 2012 | 4:30 PM

Over the past decade, America behaved in front of the world in a deeply disturbing ethical way. For those of us who travel around the world, there is no doubt that, while admired for many other reasons, the United States of America is increasingly losing the moral ground that it...

Read Post

The Euro Will Not Collapse, Neither Will Greece Exit the Euro

(9) Comments | Posted December 13, 2012 | 7:51 PM

For two years, U.S. economists and market specialists have been announcing the collapse of the Euro. In a famous post in the New York Times, Paul Krugman announced in May the Eurodammerung. He was referring and added the famous scene of Wagner's opera, the Goetterdammerung (the crepuscule of...

Read Post

Why Does the United States Cover the Rwanda Aggression on Congo?

(6) Comments | Posted November 29, 2012 | 8:55 AM

I happen to know something about Congo, Rwanda and Kivu, a province on the Eastern border of the Democratic Republic of Congo (DRC) that has become the center of "rebel activities." The movement of March 23, 2009, hence its name of M23, is in fact armed, managed and financed by...

Read Post

The Shame of U.S. Elections

(4) Comments | Posted November 6, 2012 | 5:42 PM

As polling stations are gradually closing, before the results start coming in, we need to take a last look at this campaign and reflect on what I perceive to be a vibrant election and a deplorable electoral process. Three aspects of the 2012 elections are simply shocking.

The...

Read Post

Presidential Debate: Time for Wise Leadership and Vision

(0) Comments | Posted October 18, 2012 | 8:02 AM

Thank you for showing us passion, Mr. President.

We needed to be reassured that you were passionate about the values you defend and that you are not willing to let the debate being polluted by arrogant and nasty negative lies. We needed you back as our leader and, more importantly,...

Read Post