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  • In the last 12 months, Jason Liu has stared at more Excel spreadsheets than he cares to think about.

    It’s an occupational hazard when global markets and financial relationships that once made sense are turned upside down – and when you are head of the chief investment office, Asia Pacific, at Deutsche Bank International Private Bank, and far outside the German time zone.

    But odds are that officials in Frankfurt are plenty happy with how Liu and his research team – working with Markus Mueller, global head of the chief investment office – made sense of any number of senseless market mini-panics in 2021.

    One of the better calls from the Deutsche team was to go overweight US equities right out of the gate in 2021.

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