iOS app Android app

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, the leading French newspaper and this blog was recently selected by as the best economic blog. he published a book "the betrayal of Finance" available on and He teaches European Banking and Finance at Columbia Law School.

He has dual American and Belgian citizenship.

Entries by Georges Ugeux

Donald Trump sent me this message

(3) Comments | Posted May 3, 2016 | 4:18 PM

Dear Georges,

[I wanted to answer your blog personally as you are questioning my candidacy for the Presidency of the United States of America. These are my original words, compiled to convince you of the contrary.]
Women are one of the great acts of all time. The smart ones...

Read Post

Time for the US to take Cuba seriously

(0) Comments | Posted April 24, 2016 | 3:01 PM

These thoughts are the reflection of a people-to-people trip to Cuba with National Geographic, a program that is fundamentally educational and a discovery.

In 2015, the 7th Americas Summit, in Panama City, included Cuba for the first time. This U.S. initiative would have happened without the U.S. if they had...

Read Post

Brussels, Terrorism and Islam

(7) Comments | Posted March 27, 2016 | 12:59 AM

I was born and raised in Brussels. When I landed in Tokyo last week, the news of the attacks of March 22 hit me like a bullet. It reminded me of the call of my youngest son in Hong Kong on September 11, 2001. Proximity to dramatic events hurt by...

Read Post

The LSE and Deutsche Boerse Merger is the Last Opportunity to Build a Truly European Platform

(0) Comments | Posted March 16, 2016 | 9:37 AM

The announcement of a merger between Deutsche Boerse and the London Stock Exchange, among political talks about Brexit (the possible exit of Britain from the European Union) proves, in case of need, how much European politicians are removed from the real financial world. The City of London needs...

Read Post

The job description of Bill Clinton is urgently requested

(0) Comments | Posted March 6, 2016 | 5:26 PM

I can hear the feminists saying that I am asking for the job description of Bill Clinton as another sign of more requirement from Presidential Candidate Hillary Clinton because she is a woman. In fact, it is not because of her. It is because of him. In my December 2014...

Read Post

The ECB Should Not Purchase Italian Nonperforming Loans

(0) Comments | Posted February 17, 2016 | 6:23 PM

Now we know what doing "whatever it takes" to ensure the stability of the Eurozone means. That July 2015 bluff by Mario Draghi, the ECB President, is now being called. The European Central Bank is in talks with the Italian government about buying bundles of bad loans as part of...

Read Post

Will Italy Prompt a Global Financial Crisis?

(0) Comments | Posted February 9, 2016 | 4:40 PM

The current situation is definitely not pretty. In the turmoil that affects equity markets, banks seem to be taking center stage. Among them, Italian banks have become the center of attention.

European banks are not in good health
The recent assessment of the International Monetary Fund that European Banks...

Read Post

Donald Trump in the Role of a Murderer

(0) Comments | Posted February 1, 2016 | 8:39 AM

Even the traditional and brain-dead campaign of the Democrats did not pick up on Donald Trump's statement that he "could stand in the middle of 5th Avenue and shoot somebody and not lose voters." Yes, it is outrageous, but it is worse than that. It confirms the lawlessness of Donal...

Read Post

The True Face of Corporate America: Tax Evasion

(0) Comments | Posted January 28, 2016 | 1:43 PM

The recent action by the United Kingdom to tax Apple has, at last, opened the Pandora box of the practice of Corporate America whose objective is not to pay tax. The hypocritical comment "tax authorities define the rules, and we comply" from Apple only confirms what we all know. Since...

Read Post

Historic Weekend in Tehran: Iran (Almost) Without Sanctions

(0) Comments | Posted January 18, 2016 | 8:54 PM

I had not been in Tehran for the past 38 years, but had been a frequent visitor of the country when I was in charge of the Middle East for my bank, Societe Generale de Banque, in Belgium. As the lifting of the Western sanctions against Iran was approaching, I...

Read Post

The Voice of Lubana: Syrians' Wishes for 2016

(3) Comments | Posted January 4, 2016 | 7:34 PM

Everyone is celebrating; it is time for family and friends, going back to sweet memories, or setting up plans for next year. For Syrians, during the last few years, things have been quite different. Actually, this time of the year is nearly the worst to go through.

A Syrian...

Read Post

And the Winner Is... ISIS

(0) Comments | Posted December 15, 2015 | 10:31 PM

The presidential candidates have collectively delivered a resounding political victory to ISIS, whom each of them focused on.

Following the debate was like listening to aspiring presidents who consider that the most important issue facing the United States of America is to "beat ISIS." They did not even realize...

Read Post

Bashing Belgium is Mean... and Ill-informed

(0) Comments | Posted November 30, 2015 | 6:14 PM

Born and raised in Belgium, I have a bias. I went to the United States in 1996 to lead the NYSE's research and international departments and I became a U.S. citizen in 2009 after Belgium allowed dual citizenship. After the Paris attacks, an insidious attempt to blame Belgium for the...

Read Post

The Paris Attacks, French Politics and U.S. Governors

(1) Comments | Posted November 17, 2015 | 10:36 AM

I wish we could be certain that our political leaders would always react to dramatic events only after thoroughly analyzing the situation to determine the most adequate and commensurate response. The United States reacted to 9/11 by the war on terror, exactly as President Francois Hollande reacted by declaring war...

Read Post

God, Protect America From the Economic Ignorance of the Republicans!

(3) Comments | Posted November 10, 2015 | 10:03 PM

The debate of the Gross Obstructive Party has shown an appalling view of the Republican candidates' ignorance of basic economics. Let me quote some of them:

  • The Trans Pacific Trade Agreement is to the advantage of China: China is not part of it.
  • Don't arm ISIS: we actually don't
  • We...
Read Post

The Dogmatism of the European Central Bank Expropriates Savings and Investors.

(1) Comments | Posted October 30, 2015 | 12:58 PM

The announcement last week that the ECB might decide to further expand its QE program to encourage employment and growth in Europe was predicted. It does not make it right.

The dogmatism of Mario Draghi looks increasingly like a desperate attempt to prove a point of economic...

Read Post

Reintegrating Iran Is in the U.S.'s Best Economic Interest

(8) Comments | Posted September 10, 2015 | 11:49 AM

It is fascinating to read the (generally uninformed) comments that accompany the public debate around the approval of the Iran agreement that has been negotiated for more than two years. It is so obvious that it is better than the current situation that I find it necessary to spell the...

Read Post

This Is the Right Time for Higher Interest Rates: Nothing to Be Afraid of

(1) Comments | Posted August 28, 2015 | 12:48 PM

I am fascinated by the bizarre comments on the Fed's decision to increase interest rates in September following the market turmoil. From the staunch anti-QE Larry Summers to the New York Fed President, William Dudley, the case for adjusting interest rates remains compelling.

Correcting a costly and risky anomaly

Read Post

The Gross Obstructive Party Lost the Debate

(1) Comments | Posted August 7, 2015 | 9:50 AM

It is hard to believe that the roster of 10 men could land such a despicable debate. It is a shame for them, and a shame for their party. I congratulate the moderators on having found enough substance in their questions.

What have we learned?

They hate Obama.

Read Post

The Greek Agreement Is Full of Loopholes, Coercive and Amounts to $ 100 billion

(2) Comments | Posted July 13, 2015 | 3:50 PM

A serious reading of the document published by the Eurozone Summit leaves the reader confused. It is so conditional that one cannot even guess what it will lead to. This is not even an MoU: measures need to be strengthened to get to that stage. These are "minimum requirements to...

Read Post