Contributors Lead authors World Economic Forum Natalya Guseva Head, Financial Markets and Resilience Initiatives Hallie Spear Specialist, Capital Markets and Resilience Initiatives Boston Consulting Group Edoardo Bizzarri Project Leader, Financial Institutions Practice Area Core Member Dean Frankle Managing Director and Partner, Asset and Wealth Management, Boston Consulting GroupWorking Group and Steering Committee Alvi Abuaf Industry Partner, Motive Partners Boon-Hiong Chan Head, Market Advocacy; Securities Applied Innovation, Deutsche Bank James Connell Vice-President, Strategy & Business Development Stephen Daffron Co-founder and Industry Partner, Motive Partners Ed deHaan Professor of Accounting, Stanford University Jessica Douieb Managing Director; Head, Wealth Partners, JP Morgan Jessica Endlich President and Co-Founder, NextGen Personal Finance Andreas Hackethal Professor of Finance, Goethe-University, FrankurtChloe Barz Director, International Government and External Affairs, Robinhood Markets Matthew Blake Head, Centre for Financial and Monetary Systems, World Economic Forum Karen Goldfeder External Affairs and Community Senior Strategist, Robinhood Markets Stephanie Guild Head, Investment Strategy, Robinhood Markets Haleh Nazeri Lead, Longevity Economy Initiative, World Economic Forum Ella Rabener Managing Director and Partner, GenAI for Financial Institutions Lead, Boston Consulting Group Akin Soysal Managing Director and Partner, Digital Products in Financial Services Lead, Boston Consulting GroupAcknowledgementsChristopher Hill Senior Adviser, Boston Consulting Group Stéphane Janin Head, Global Regulatory Developments and Public Affairs, AXA Investment Managers Philippe Kipfer Head, Strategy, Investment and Wealth Management, Julius Baer Kestutis Kupsys Committee Member, European Economic and Social Committee Ajay Lakhotia Chief Executive Officer, StockGro Monique Le Global Head, Marketing, The TCW Group Heinrich Lutjens Vice President, Economic Research, Nasdaq Phil Mackintosh Chief Economist, Nasdaq Paul Maley Global Head, Securities Services; Head, Corporate Bank Americas, Deutsche Bank Edouard Michon Senior Strategist, Allianz 2024 Global Retail Investor Outlook 62

2024 Global Retail Investor Outlook 2025