{"id":42256,"date":"2026-02-07T02:06:26","date_gmt":"2026-02-07T10:06:26","guid":{"rendered":"https:\/\/gaba-network.org\/norcal\/?p=42256"},"modified":"2026-02-11T02:11:43","modified_gmt":"2026-02-11T10:11:43","slug":"executive-circle-january-2026","status":"publish","type":"post","link":"https:\/\/gaba-network.org\/norcal\/executive-circle-january-2026\/","title":{"rendered":"Executive Circle"},"content":{"rendered":"<p>On Thursday, the GABA Northern California &#8211; German American Business Association Executive Circle gathered at the <a href=\"https:\/\/www.bmwgroup.com\/en.html\" target=\"_blank\" rel=\"noopener\">BMW Group<\/a> Technology Office in Mountain View for an insightful and engaging breakfast discussion among senior leaders and decision-makers.<\/p>\n<p>A sincere thank you to BMW, <a href=\"https:\/\/www.linkedin.com\/in\/stefan-gerhaeusser-b385145\/\" target=\"_blank\" rel=\"noopener\">Stefan Gerhaeusser<\/a>, and his team for hosting us and for providing such a welcoming setting for thoughtful exchange.<br \/>\nWe were honored to hear from <a href=\"https:\/\/www.linkedin.com\/in\/deepak-puri-cfa-7474321\/\" target=\"_blank\" rel=\"noopener\">Deepak Puri<\/a>, CFA Puri, CIO Deutsche Bank Wealth Management Americas, who shared a compelling outlook on what lies ahead for the global economy in 2026. His presentation sparked a rich discussion and offered valuable perspective on the forces shaping markets, policy, and investment decisions.<br \/>\n<div class=\"vcex-spacing wpex-w-100 wpex-clear\" style=\"height:10px;\"><\/div>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.flickr.com\/photos\/gaba_ca\/albums\/72177720331861651\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-42259 size-full\" src=\"https:\/\/gaba-network.org\/norcal\/wp-content\/uploads\/2026\/02\/20260205-Silicon-Valley-Executive-Circle-pics2.jpg\" alt=\"Executive Circle\" width=\"690\" height=\"464\" srcset=\"https:\/\/gaba-network.org\/norcal\/wp-content\/uploads\/2026\/02\/20260205-Silicon-Valley-Executive-Circle-pics2.jpg 690w, https:\/\/gaba-network.org\/norcal\/wp-content\/uploads\/2026\/02\/20260205-Silicon-Valley-Executive-Circle-pics2-300x202.jpg 300w\" sizes=\"auto, (max-width: 690px) 100vw, 690px\" \/><\/a><\/p>\n<div class=\"vcex-spacing wpex-w-100 wpex-clear\" style=\"height:10px;\"><\/div>\n<p>Key findings included:<\/p>\n<ul>\n<li>Shifting Global Growth Landscape<br \/>\nGlobal Growth holds firm; the U.S. leads, Europea lags but Germany recovers, and China stays subdued.<\/li>\n<li>Persistent Macro &amp; Geopolitical Risks<br \/>\nGeopolitics, Inflation, Debt, and tariff pressures remain embedded in the 2026 backdrop<\/li>\n<li>Rise of State Intervention<br \/>\nIndustrial policy intensifies across major economies, bringing both support and policy-error risk.<\/li>\n<li>Stable but Evolving FX &amp; Rates Picture<br \/>\nUSD stays steady, JPY may firm slightly, and normalized curves support positive real yields.<\/li>\n<li>Earnings Risk &amp; Volatility<br \/>\nHigh Expectations mean any earnings miss could trigger sharp market swings<\/li>\n<li>AI as a Structural Driver<br \/>\nAI continues to power longterm growth across sectors and less likely a speculative bubble<\/li>\n<li>Broadening Investment Opportunity Set<br \/>\nEarnings strength widens beyond tech; selective emerging markets, real assets, and private market opportunities add diversification opportunities.<\/li>\n<\/ul>\n<div class=\"vcex-spacing wpex-w-100 wpex-clear\" style=\"height:10px;\"><\/div>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.flickr.com\/photos\/gaba_ca\/albums\/72177720331861651\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-42258 size-full\" src=\"https:\/\/gaba-network.org\/norcal\/wp-content\/uploads\/2026\/02\/20260205-Silicon-Valley-Executive-Circle-pics1.jpg\" alt=\"Executive Circle\" width=\"690\" height=\"227\" srcset=\"https:\/\/gaba-network.org\/norcal\/wp-content\/uploads\/2026\/02\/20260205-Silicon-Valley-Executive-Circle-pics1.jpg 690w, https:\/\/gaba-network.org\/norcal\/wp-content\/uploads\/2026\/02\/20260205-Silicon-Valley-Executive-Circle-pics1-300x99.jpg 300w\" sizes=\"auto, (max-width: 690px) 100vw, 690px\" \/><\/a><br \/>\n<span style=\"font-size: 14px;\">For more great pictures of the event, please see our event photo album <a href=\"https:\/\/www.flickr.com\/photos\/gaba_ca\/albums\/72177720331861651\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/span><\/p>\n<p>Thank you to all Executive Circle members for the candid dialogue and thoughtful questions. These intimate, off-the-record conversations are what make the GABA Executive Circle so special.<\/p>\n<p>A special thank you as well to the team at <a href=\"http:\/\/deutschewealth.com\/\" target=\"_blank\" rel=\"noopener\">Deutsche Bank Wealth Management<\/a>: <a id=\"ember2244\" class=\"ember-view\" tabindex=\"0\" href=\"https:\/\/www.linkedin.com\/in\/vanshree-verma-4220431\/\" target=\"_blank\" rel=\"noopener\">Vanshree Verma<\/a>, <a id=\"ember2245\" class=\"ember-view\" tabindex=\"0\" href=\"https:\/\/www.linkedin.com\/in\/jan-price-355abb54\/\" target=\"_blank\" rel=\"noopener\">Jan Price<\/a>, <a id=\"ember2246\" class=\"ember-view\" tabindex=\"0\" href=\"https:\/\/www.linkedin.com\/in\/payal-gupta-b211b82\/\" target=\"_blank\" rel=\"noopener\">Payal Gupta<\/a>, and <a id=\"ember2247\" class=\"ember-view\" tabindex=\"0\" href=\"https:\/\/www.linkedin.com\/in\/elom-kpordze-4529146b\/\" target=\"_blank\" rel=\"noopener\">Elom Kpordze<\/a> for their support and contributions.<\/p>\n<p>We look forward to continuing the conversation.<\/p>\n<div class=\"vcex-spacing wpex-w-100 wpex-clear\" style=\"height:10px;\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>On Thursday, the GABA Northern California &#8211; German American Business Association Executive Circle gathered at the BMW Group Technology Office in Mountain View for an insightful and engaging breakfast discussion among senior leaders and decision-makers. A sincere thank you to BMW, Stefan Gerhaeusser, and his team for hosting us and for providing such a welcoming&hellip;<\/p>\n","protected":false},"author":1,"featured_media":42261,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[293,111],"tags":[285],"post_series":[],"class_list":["post-42256","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-293","category-past-events","tag-global-business-outlook","post_format-post-format-gallery","entry","has-media"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Executive Circle - GABA Northern California<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gaba-network.org\/norcal\/executive-circle-january-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Executive Circle - GABA Northern California\" \/>\n<meta property=\"og:description\" content=\"On Thursday, the GABA Northern California &#8211; German American Business Association Executive Circle gathered at the BMW Group Technology Office in Mountain View for an insightful and engaging breakfast discussion among senior leaders and decision-makers. 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