Draft:Amlan Roy

{{Short description|British-Indian Economist}}

{{Draft topics|biography|business-and-economics}}

{{AfC topic|blp}}

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{{Infobox person

| name = Amlan Roy

| caption = Amlan Roy in 2022

| birth_date = {{birth date and age|1964|01|25}}

| birth_place = Shillong, India

| citizenship = British

| education = Air Force Bal Bharati School

| alma_mater = St. Stephen's College, Delhi (BA)
Indian Institute of Management Ahmedabad (MBA)
University of Iowa (MA, PhD)

| occupation = Macro-Finance Researcher
Author
Keynote Speaker

| employer = Lane Clark & Peacock

| organization = London School of Economics
London Business School
Institute & Faculty of Actuaries

| known_for = Global Macro-Demographic Research

| website = https://globalmacrodemographics.com

}}

Amlan Roy (born 25 January 1964) is a global macroeconomics researcher, author of Demographics Unravelled, and founder of Global Macro Demographics..{{Cite web |last=Demographics |first=Amlan Roy |title=Amlan Roy Demographics |url=https://globalmacrodemographics.com/ |access-date=2025-04-23 |website=Amlan Roy Demographics |language=en-US}}

He was previously Head of Global Macro Research and Senior MD at State Street Global Advisors and Chief Retirement Strategist, MD and Head of Global Demographics & Pensions Research at Credit Suisse Investment Bank. He is currently a Partner at investment consultancy Lane Clark & Peacock.{{Cite web |title=Amlan Roy, Partner |url=https://www.lcp.com/en/our-experts/amlan-roy |access-date=2025-04-23 |website=www.lcp.com |language=en-GB}}

Roy is a Research Associate at London School of Economics' Systemic Risk Centre and Financial Markets Group, Honorary Fellow of the Institute and Faculty of Actuaries, and Guest Lecturer at the London Business School. He is also an Advisory Board Member of Middlesex University and serves on the Global Advisory Board of pension-tech company pinBox Solutions.{{Cite web |title=pinBox Solutions |url=https://www.pinboxsolutions.com/about-us/core-team/ |access-date=2025-04-23 |website=www.pinboxsolutions.com}}{{Cite web |title=Honorary Fellows list |url=https://actuaries.org.uk/honorary-fellows-list/ |access-date=2025-05-12 |website=Institute and Faculty of Actuaries |language=en-GB}}

Early life and education

Roy was born in Shillong, India and attended Air Force Bal Bharati School. He studied BA Economics at St. Stephen's College, Delhi where he was awarded a Government of India National Scholarship and subsequently earned an MBA from the Indian Institute of Management Ahmedabad. He completed his MA and PhD in Financial Economics at the Tippie College of Business, University of Iowa, supervised by Narayana Kocherlakota and Charles Whiteman{{Cite web |title=Charles H. Whiteman {{!}} Tippie College of Business |url=https://tippie.uiowa.edu/people/whiteman |access-date=2025-04-23 |website=tippie.uiowa.edu}}

Academic career

Roy had a distinguished university teaching career in the US and UK, having taught at Boston University Questrom School of Business, Tippie College of Business, and Queen Mary University of London.

During his ten year career in academia, he has been awarded multiple research and academic fellowships, including an Economic and Social Research Council Research Fellowship, Boston University Doctoral Scholarship, and Ponders Fellowship. He was also awarded 4 teaching awards in 6 years at US business schools.

Professional career

Roy joined Credit Suisse in 1998 becoming Managing Director and Global Head of Demographics and Pensions Research, a role he held until 2016.{{Cite web |last=Wall |first=Emma |title=5 Demographic Trends Driving Investment Profit |url=https://www.morningstar.co.uk/uk/news/148334/5-demographic-trends-driving-investment-profit.aspx |access-date=2025-05-12 |website=Morningstar UK |language=en-GB}} In a prior role as an Emerging Markets Strategist, he developed global risk and asset allocation models serving as an international expert on Financial System Architecture. During his tenure at Credit Suisse, he published several widely cited research papers, including The Demographics Manifesto.{{Cite web |title=China and India's demographics: getting in the way of growth |url=https://www.ft.com/content/dc45a3bd-6a29-3af0-95ad-8194edb8ad72 |access-date=2025-05-12 |website=www.ft.com |language=en-GB}}{{Cite web |last=Viita |first=Kasper |date=March 29, 2012 |title=Finnish Aging to Buoy Investor Returns, Credit Suisse's Roy Says |url=https://www.bloomberg.com/news/articles/2012-03-29/finnish-aging-to-buoy-investor-returns-credit-suisse-s-roy-says |website=Bloomberg}}

From 2016 to 2021, he served as Head of Global Macro Policy Research and Senior Managing Director at State Street Global Advisors.{{Cite news |date=2017-04-30 |title=Movers & shakers: May 1 |url=https://www.ft.com/content/7078c31a-2a5d-11e7-bc4b-5528796fe35c |access-date=2025-05-12 |work=Financial Times}} He led a research team focused on macroeconomics, policy and politics, retirement and demographics serving external and internal clients of State Street Corporation across 30+ countries. In 2019, while at State Street Global Advisors, Roy authored a major report titled Global Demographics & Retirement Implications which examined the global policy and investment challenges posed by aging populations, declining birth rates, and shrinking workforces.Roy, Amlan (2019). "Global Demographics & Retirement Implications." State Street Global Advisors. [https://www.ssga.com/library-content/pdfs/insights/global-demographics-retirement-implications.pdf PDF]{{Cite web |last=Goodman |first=David |date=April 8, 2020 |title=World Economy Faces $5 Trillion Hit That Is Like Losing Japan |url=https://www.bloomberg.com/news/articles/2020-04-08/world-economy-faces-5-trillion-hit-that-is-like-losing-japan |website=Bloomberg}}

In 2022, he joined Lane Clark & Peacock as a partner, focusing on long-term investment strategies informed by demographic insights.{{Cite web |date=2023-08-11 |title=People Moves: Week ending Friday 11 August 2023 |url=https://www.professionalpensions.com/news/4122080/people-moves-friday-august-2023 |access-date=2025-05-12 |website=www.professionalpensions.com |language=en}}{{Cite news |last=Nolsøe |first=Eir |date=2024-01-18 |title=How China's collapsing birth rate risks wrecking Xi's dreams of global supremacy |url=https://www.telegraph.co.uk/business/2024/01/18/china-collapsing-birth-rate-risks-wreck-xi-jinping-dreams/ |access-date=2025-05-12 |work=The Telegraph |language=en-GB |issn=0307-1235}} His research focuses on the intersection in macroeconomics, demographics, retirement, and asset pricing drawing on the fields of Macroeconomics, Portfolio Theory, Behavioural Economics, Statistics, Derivatives and Econometrics.

As a renowned expert on macroeconomics and demographics, he has given keynote speeches alongside John Major and Shinzo Abe as well as distinguished economists including George Akerlof, Ben Bernanke, Alan Greenspan, Jerome Powell, Lawrence Summers, Niall Ferguson, and Stephen J. Dubner. He has also been invited to present his demographic macroeconomic frameworks at conferences hosted by the European Central Bank, Bank of Japan, Bank of England, International Monetary Fund, Asian Development Bank, Inter-American Development Bank, and OECD.

Publications

Roy's first book, Demographics Unravelled: How Demographics Affect and Influence Every Aspect of Economics, Finance and Policy was published by Wiley in 2022.{{Cite book |last=Roy |first=Amlan |url=https://onlinelibrary.wiley.com/doi/book/10.1002/9781119799160 |title=Demographics Unravelled |date=2021-12-31 |publisher=Wiley |isbn=978-1-119-79913-9 |language=en |doi=10.1002/9781119799160}} It was featured in The Economist, the Financial Times' list of Best New Books on Economics in 2022 and Bloomberg L.P.'s Best Business Books of 2023.{{Cite news |title=What to read to understand why population changes matter |url=https://www.economist.com/the-economist-reads/2022/12/06/what-to-read-to-understand-why-population-changes-matter |access-date=2025-05-12 |newspaper=The Economist |issn=0013-0613}}{{Cite web |title=Bloomberg |website=Bloomberg News |url=https://www.bloomberg.com/features/2023-best-books}}{{Cite news |last=Wolf |first=Martin |date=2022-04-11 |title=The best new books on economics |url=https://www.ft.com/content/fa146c97-ec8d-44a7-a705-e2a1c9f1092f |access-date=2025-04-23 |work=Financial Times}} The book has also received praise from leading economists including Thomas J. Sargent, Charlie Bean (economist), Martin Wolf, Zvi Bodie, Tobias Adrian, and Ranjay Gulati.

Roy has also written for numeorus academic and professional blogs including LSE Business Review. In a widely cited 2020 article titled A macro crisis like none before: A call for global coordination, Roy argued for coordinated macroeconomic policy responses to the COVID-19 pandemic, emphasizing the global nature of the shock and the need for comprehensive demographic-aware frameworks in public policy.{{Cite web |last=Roy |first=Amlan |date=3 June 2020 |title=A macro crisis like none before: a call for global coordination |url=https://blogs.lse.ac.uk/businessreview/2020/06/03/a-macro-crisis-like-none-before-a-call-for-global-coordination/ |website=LSE Business Review}}

References

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