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LEADERSHIP TEAM
& ADVISORY GROUP

Our People

Leadership team

 

Partner

Dr John Llewellyn

John co-heads both our Macroeconomics and Financial Markets team, and our Expert witness and litigation support practice areas. He plays a major part in all of our conjunctural and other economic analysis. 

He has a broad experience, having worked in academia, international and then national policymaking, and in investment banking. Before advising HM Treasury during the 2008 Global Financial Crisis and its aftermath, and co-founding the firm in 2009, John was Global Chief Economist and then Senior Economic Policy Advisor at Lehman Brothers. This followed almost twenty years at the Organisation for Economic Cooperation and Development (OECD) in Paris, where he was successively Head of International Forecasting and Policy Analysis and Editor of the OECD Economic Outlook; Deputy Director for Social Affairs, Manpower and Education, and finally Chef de Cabinet to the Secretary-General. 

Prior to that he spent nearly ten years at the Faculty of Economics at the University of Cambridge, and was also a Fellow of St. John’s College. 

John holds an undergraduate degree from the Victoria University of Wellington, New Zealand, and a doctorate from the University of Oxford. He has published widely.

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Managing Partner

Preston J. Llewellyn

Preston is the co-founder and Managing Partner of Independent Economics. He leads the organisation on all aspects of strategy, team leadership and operations, and key client and assignment management across its global network.

An experienced business leader, Preston also works substantively on all projects, and has written on and led projects on subjects ranging from the decarbonisation of industry to ESG, digitalisation, and technology, including importantly a specialist series on new technologies that stand to have practical application in industries over the coming ten years. 

Before co-founding the organisation in 2009 he spent ten years at the industrial coalface serving in various senior roles on corporate strategy, business development, communications, and marketing.

Preston holds a BA and an MSc (Maitrise Sc. Ec.) in Economics with French from the University of Sussex and the University of Grenoble, and an MBA from Imperial College, London.

Chairman

Terry Scuoler

Terry is an industrialist, Chairman, non-executive Director, and business advisor.

He is Chair of the Institute of Export & International Trade, Talent Retention Solutions (TRS), and is an advisor to a number of companies.From 2010-17 Terry was the CEO of the Engineering Employers Federation (EEF) representing some 20,000 UK companies at the highest levels of government including sitting on a number of high profile Ministerial Committees.

During his tenure at the EEF he served, from 2010-1017, as Chairman of the Council of European Employers for the Metals, Manufacturing and Technologies industries representing some 230,000 companies at the top tables in Brussels and EU member state capitals.

Prior to joining EEF Terry was Managing Director of Ferranti Technologies which he transformed from loss making and decline into a highly successful and profitable organisation.

Terry is a graduate of the Royal Military Academy Sandhurst, and has a Masters degree in Political Economy and Economic History from the University of Glasgow.

Partner

Dimitri Zenghelis

Dimitri co-heads our Sustainability practice Area and is also a core member of our Macroeconomics and Financial Markets team.

An internationally reputed economist, Dimitri advises governments, banks, financial institutions, NGOs, and other international organisations and corporations on sustainability, climate change, innovation, economic modelling, and clean urbanisation.

He set up the Wealth Economy Project at the Bennett Institute at the University of Cambridge, is a visiting Fellow at the London School of Economics (LSE), Chair of the Wealth Committee for Capital Generation Partners, and a member of the London Sustainable Development Commission.

Prior to this he served as Head of the Grantham Research Institute at the LSE and Chief Economist for the Global Commission on the Economy and Climate.

He was also lead author on the ground-breaking Stern Review on the Economics of Climate Change and worked at HM Treasury as Head of Economic Forecasting. 

Dimitri holds a BA from the University of Oxford and an MSc from the University of Bristol.

Partner

Silja Sepping

Silja co-heads the firm’s Sustainability practice area. She is also a core member of the firm’s Macroeconomics and Financial Markets team and part of the Expert Witness and Litigation Support team. 

Silja is a key contributor to the firm’s bespoke research projects, and to the regular macroeconomic analysis. She has a particular specialisation in environmental and technology issues. Silja has produced an important suite of corporate briefs on the environmental impacts of a wide range of sectors and activities, many of which have been published by the Sustainable Markets Initiative, launched by the former Prince of Wales. 

Prior to joining the team, Silja was a Senior Investment Analyst at GLC Global Macro hedge fund, where she was responsible for macroeconomic research and market analysis, with a primary focus on emerging markets and FX. Before that, Silja worked for Lehman Brothers as an Emerging Markets Economist, focusing on Central and Eastern Europe. While at the bank Silja was responsible for macroeconomic forecasts and market analysis, leading meetings with the region’s policymakers, speaking with journalists, and contributing regularly to the weekly and monthly publications.

​Silja holds a first-class honours degree in Economics and Business Administration from Stockholm School of Economics in Riga, and an MSc in Economics from Stockholm School of Economics.

Senior Adviser

​Simon Commander

Simon forms part of Independent Economics’ Sustainability team.

Simon is Managing Partner of Altura Partners (www.alturapartners.org) which provides strategic and economic policy advice to top level decision makers in governments and companies in emerging markets. He has worked extensively on emerging markets including at senior levels in the World Bank in Washington DC and in the European Bank for Reconstruction and Development (EBRD) in London with which he continues to be associated. 

He holds an MA from Oxford University and a PhD from Cambridge University.

Senior Adviser

Martin Fraenkel

Martin forms part of Independent Economics’ Sustainability team.

Martin is Chairman of the Board of VAKT Global, a consortium of leading banks and energy companies building a Blockchain platform to digitise trade flows. He is an Independent Non-Executive Director of the London Metal Exchange.  He was previously a member of the Board of Directors CRISIL Ltd, the premier Indian credit ratings and data company. He served as President (CEO), Vice Chairman and Head of Content of S&P Global Platts from 2015-21 and as a member of the Operating Committee of S&P Global, the credit ratings and benchmarks company. Alongside fellow members of the Operating Committee, he developed a cross-company ESG strategy.

As President of S&P Global Platts, he led a major expansion of its coverage of the Energy Transition, including the publication of an annual thirty-year Future Energy Outlook as well as market-first prices for global carbon, hydrogen, low carbon oil, sustainable aviation fuel, guaranteed origin gas and power, and battery metals. Under Martin, Platts successfully launched Distro, an energy micro-grid, in partnership with the Port of Rotterdam. Martin also led Platts’ acquisition of an equity stake in Xpansiv CBL Holding, a leading Carbon offset and renewable platform. 

He has served as a Trustee of Chatham House, the Royal Institute for International Affairs. He has been recognised as a “Distinguished Alumnus” by Johns Hopkins University and serves on the Advisory Board of its SAIS Europe campus. He holds a judicial appointment as a Member of the Financial Services Upper Tribunal.

Previously he was Global Head of Energy at CME Group, the largest global futures exchange. Prior to CME he had a 25-year career in top tier banks, culminating as Global Head of Commodities at Credit Agricole Corporate and Investment Bank. He became a Managing Director of JP Morgan Chase in 1995. He later managed Dresdner Kleinwort’s pioneering Carbon Trading business after the launch of the EU’s European Trading System in 2005, which was named Euromoney’s “Emission House of the Year” in 2006.

Martin received a BA at Balliol College, Oxford and an MA from the School of Advanced International Studies of Johns Hopkins University. He later completed an MBA at INSEAD, France.

Head of Technology transformation

Dr Peter Collinson

Peter heads our Technology Transformation practice area. His expertise is gleaned over 25 years in the energy sector, working for an oil major and joint venture partners around the world. His current focus is in maritime technology and business transformation through delivering ‘digitalization and decarbonisation solutions’ for traditional and renewable energy clients. 

Peter has worked extensively on the strategic development and deployment of new technology in the energy sector, specifically robotic Marine Autonomous Systems (MAS). He has supported many pre-commercial developments of technology, both under and on the water, small and large. He is a member of the robotics committees for UKRI (Innovate UK Government) and is Industry Lead for NERC’s Net Zero Oceanographic Capability project, aiming to decarbonise the UK’s scientific fleet by 2035. 

He conducts technology R&D and M&A activity in the maritime sector for a variety of clients, holds a PhD in Marine Ecology from the University of Hong Kong and is a Fellow of the Institute of Marine Engineering, Science and Technology (IMarEST).

Senior Adviser

Dr Alexander Lehmann

Alex leads the financial sector work within the Independent Economics’ Sustainability team.

Alex is an experienced advisor to governments, central banks, and financial firms, focusing on how financial systems can become more resilient and support sustainable growth. In engagements in more than 25 emerging markets and across Europe he has also worked with international and EU institutions, connecting development finance and impact investors to local financial market participants.

Alex has held a number of academic appointments, including at the Royal Institute of International Affairs (Chatham House), Berlin’s Hertie School of Governance, and most recently at the Frankfurt School of Finance. He currently also holds an appointment at Bruegel, Europe’s top-rated economics think tank, and serves on the Sustainability Committee of the European Securities and Markets Authority (ESMA) in Paris.

Until 2016 Alex was the Lead Economist at the European Bank for Reconstruction and Development (EBRD) where he headed the strategy and economics unit for central Europe and Baltic countries, and prior to that was an official at the International Monetary Fund (IMF) in Washington.

Alexander has published widely on financial policies in the EU and emerging markets and holds degrees in economics from the London School of Economics and the College of Europe and a D.Phil. from Oxford University.

Head of International Trade & Facilitation

Tim Thomas

Tim is an independent legal consultant and head of the firm’s International Trade & Facilitation practice area, specialising in all aspects of international trade in services, immigration and international employment law, with a long history of working for and advising international businesses.

Tim is a UK solicitor who previously worked for a number of employer associations including the Engineering Employers Federation (EEF), now Make UK, in the UK and Europe. He then helped found a bespoke UK consultancy following UK’s departure from the EU to advise on the trade in services. He now advises businesses and business organisations throughout Europe, UK, and globally.

Prior to this, he worked as a UK lawyer in Brussels, for the UK Government and in a private law practice. During this time, he practised in commercial, company, and corporate law and worked as general counsel for UK businesses.

Head of Strategic Planning & Organisational Effectiveness

Steve Cutts

Steve is based in New York and heads our Strategic Planning & Organisational Effectiveness practice area. He is an adviser to a number of UK and international corporations, government agencies, and NGOs. He is also Chair of the United Nations Population Fund Association (UNFPA) Oversight Advisory Committee and sits on and advises several boards in both the public and private sector advising on strategic transformation and change management.

Prior to that he was the CEO of Reach to Teach, an international organisation which partners with government and like-minded organisations to improve the quality of primary education in underdeveloped countries. 

Steve has wide-ranging senior level experience in international organisations and NGOs. From 2013 to 2017 he served as the United Nations Assistant General Secretary for the Office of Central Support Services in New York, responsible for the Secretariat’s multi-billion dollar global procurement budget and overseeing property management and major construction and renovation projects worldwide. Prior to that he was Assistant General Secretary for Corporate Affairs at the Commonwealth Secretariat in London. He started his intergovernmental career at the Organisation for Economic Cooperation and Development (OECD) in Paris, where he served as Chef the Cabinet and Deputy Executive Director.

Steve holds an executive MBA from INSEAD as well as a first class honours degree in American studies and English literature, and an Honorary Doctorate from Keele University.

Senior Adviser

Nick Greenstock

Nick is the CEO and co-founder of the strategic advisory company, Gatehouse Advisory Partners and geopolitics lead. His focus is on working with governments, businesses, and civil society to identify and interpret critical geopolitical themes. Nick has a broad corporate background, having worked in Banking, management consulting, and corporate affairs. He also played rugby professionally (Wasps, Quins, and England).
Head of Defence and Security

Lt General (Rtd) Sir Andrew Graham CB CBE

A former Deputy Commander of Coalition Forces in Iraq, a Brigade Commander in Northern Ireland and Director General of the United Kingdom Defence Academy, Andrew is an acknowledged expert in global Defence and Security and the wider geopolitical challenges of emerging threat levels, conflict, post-conflict and disaster recovery and nation building.

He has served as a non-executive Director of a major UK Government department, been closely involved in three UK national Defence and Security Reviews and has worked as an Advisor and Ambassador to a number of international Corporations, Agencies and Organisations.

Andrew is a graduate of Cambridge University where he studied Languages and History.
Research Economist

Soyon Park

Soyon is a core member of the Macroeconomics and Financial Markets team focussing on the firm’s regular integrated suite of analytic products, where she is responsible for the Global Economy and Outlook (GEO) pack, Key Developments, and MacroPlus, as well as on in-depth reports on key topics and themes. 

Soyon also contributes to our sustainability team working with clients on bespoke research. In particular, Soyon has contributed to a suite of sustainability briefings designed to inform a series of Sustainable Markets Initiative meetings convened by HRH the Prince of Wales, and attended by senior business executives.

​Prior to joining the team, Soyon worked at the University of Sussex and InterAnalysis, where she gained her initial experience in research, data analysis, and quantitative research. Her work focused on international trade, and business economics.

Soyon holds a BSc in Economics with honours from the University of Sussex, and is currently studying part-time Master’s degree in Risk, Disaster, and Resilience at University College London (UCL).

Adviser

Dr James Cameron

James contributes to the Technology Transformation practice area, and to our MacroPlus Technologies series. As an industrial research scientist, he focusses in particular on areas of science and technology with relatively immediate business applications – to date some 50 topics have been covered, ranging from brain computer interfaces, to carbon capture, storage, and utilisation (CCUS).

Prior to his move to the Hague in early 2022, James was a Postdoctoral Researcher at the Deutsches Rheuma-Forschungzentrum (DRFZ) in Berlin, and a Fellow at the UK Parliamentary Office of Science and Technology (POST), where he provided research on Advanced Therapy Medicinal Product (ATMP) regulation.

James holds a BSc from the University of York and a PhD from the University of Birmingham.

Analyst

Michael Roberts

Michael joined Independent Economics in 2022 and is the newest member of the team. 

Michael works primarily on the firm’s bespoke research projects, where he covers a wide range of areas, including tax policy and data privacy. Michael is highly numerate, with experience in econometrics and broader statistical analysis. He also contributes to the firm’s IT and business operations.

Prior to joining the IE team, Michael worked for Llewellyn Consulting on input-output analysis, and on a range of sustainability projects, where he researched and wrote a number of reports. Before that he held a number of analysis roles in asset management, commercial banking, and market research in the UK and Asia.

Michael was brought up in Singapore, and holds a BA in Philosophy, Politics, and Economics (PPE) from the University of Exeter.

Dr John Llewellyn

Partner

Preston J. Llewellyn

Managing Partner

Terry Scuoler

Chairman

Dimitri Zenghelis

Partner

Silja Sepping

Partner

​Simon Commander

Senior Adviser

Martin Fraenkel

Senior Adviser

Dr Peter Collinson

Head of Technology transformation

Dr Alexander Lehmann

Senior Adviser

Tim Thomas

Head of International Trade & Facilitation

Steve Cutts

Head of Strategic Planning & Organisational Effectiveness

Nick Greenstock

Senior Adviser

Lt General (Rtd) Sir Andrew Graham CB CBE

Head of Defence and Security

Soyon Park

Research Economist

Dr James Cameron

Adviser

Michael Roberts

Analyst

Dr John Llewellyn

Partner

Preston J. Llewellyn

Managing Partner

Terry Scuoler

Chairman

Dimitri Zenghelis

Partner

Silja Sepping

Partner

​Simon Commander

Senior Adviser

Martin Fraenkel

Senior Adviser

Dr Peter Collinson

Head of Technology transformation

Dr Alexander Lehmann

Senior Adviser

Tim Thomas

Head of International Trade & Facilitation

Steve Cutts

Head of Strategic Planning & Organisational Effectiveness

Nick Greenstock

Senior Adviser

Lt General (Rtd) Sir Andrew Graham CB CBE

Head of Defence and Security

Soyon Park

Research Economist

Dr James Cameron

Adviser

Michael Roberts

Analyst

Advisory group

The Independent Economics core team is supported by a group of expert international advisors. Senior and highly experienced, they bring insights, add to our knowledge, and challenge our analysis adding value to our range of products and services.

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