Contributors Matt Strahan Lead, Private Markets Initiatives Ole Moehr Engagement Manager Daniel Tannebaum Partner, Global Anti-Financial Crime Practice Leader Jorge Baez Managing Director, NERA Economic Consulting (Marsh McLennan) Mary Bridges Ernest May Fellow in History and Policy, Belfer Center, Harvard University Patrick Conroy Senior Managing Director, NERA Economic Consulting (Marsh McLennan) Natalya Guseva Head, Financial Markets and Resilience Initiatives, World Economic ForumJordan Milev Managing Director, NERA Economic Consulting (Marsh McLennan) Anders Nemeth Managing Partner, Global Head of Banking & Financial Services, Oliver Wyman (Marsh McLennan) Dick Oosthuizen Consultant, NERA Economic Consulting (Marsh McLennan) Sebastian Steppat Senior Consultant, Oliver Wyman (Marsh McLennan) Naïm Abou-Jaoudé Chief Executive Officer, New York Life Investment Management Mohammed Alardhi Executive Chairman, Investcorp Muhamad Chatib Basri Chairman, Bank Mandiri (Persero) Marc Bayle de Jessé Chief Executive Officer, CLS Bank International Nic Dreckmann Chief Operating Officer, Bank Julius Baer Andile Kenneth Livuyo Fihla Deputy Chief Executive, Standard Bank Group Karl Guha Chairman, Supervisory Board, ING Group Charlotte Hogg Chief Executive Officer, Europe, Visa Fred Hu Founder, Chairman and Chief Executive Officer, Primavera Capital Group Jon M. Huntsman Vice-Chairman and President, Strategic Growth, MastercardLead Authors Acknowledgements Steering Committee World Economic Forum Oliver Wyman Navigating Global Financial System Fragmentation 39

Navigating Global Financial System Fragmentation 2025