David Roche is a veteran global macro strategist with more than 40 years at the intersection of geopolitics and markets. He is the founder of Quantum Strategy & Geonomics, a Singapore-based macro-geopolitical research firm advising hedge funds, family offices, sovereign wealth funds and governments. Roche was Head of Research and Global Strategist at J.P. Morgan and later at Morgan Stanley. In 1994 he founded Independent Strategy in London, building it into a leading independent macro research house, before later founding Quantum Strategy & Geonomics.

He is known for identifying major turning points ahead of consensus — the collapse of the Soviet Bloc, the 1994 global bond market reversal, the 1997 Asian financial crisis, and the 2008 Global Financial Crisis, for which his “liquidity pyramid” became a widely cited symbol of excess leverage.