Arbroath Group

Strategic Advisory — Trans-Atlantic

Translating
Trans-Atlantic Disruption
Into Corporate Strategy

Where geopolitical expertise meets investment insight — delivering concrete, actionable advice to multinationals and institutional investors navigating a fracturing world order.

Mike O'Sullivan  &  Christopher Smart

Our Services Meet the Partners
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Arbroath Group

Strategic investment advice must be thoughtful, informed and above all independent — named for the Declaration of Arbroath, signed in 1320 to declare independence from England.

The Global System Is Fracturing
— And Corporate Strategy Has Not Caught Up

A structural rupture — not a cycle — is reshaping the rules of global business. Three forces are creating continuous, compounding instability that demands a new strategic lens.

01

Geopolitical Fracturing

The collapse of the post-Cold War order and emergence of a multipolar world with contested rules, alliances and trade relationships. Only 6% of the world now lives in a full democracy; tariffs, export controls and sanctions are forcing massive reorganization of commercial relationships.

02

Debt & Financial Stress

Record public debt, fiscal fragility and the end of the low-rate era create persistent financial instability across major economies. Banks are increasingly exposed to private credit and private equity risks as the AI capital expenditure boom expands.

03

Technology Disruption

Emerging technologies are reshaping competitive advantage, labor markets and national security — faster than most organizations can respond. AI is intensely geopolitical. Climate change will drive transformative investment in energy networks and resilience.

Organizational Structures Can't React

The shift from globalization to fragmentation is permanent. Yet the tools most firms rely on were built for a different world.

Old Reality

Stable policy environment

Rules were predictable; governments moved slowly

Low, predictable cost of capital

Planning horizons extended; financing assumptions held

Continued global integration

Supply chains optimized for efficiency, not resilience

New Reality

Political decisions drive economic outcomes

Capital flows, supply chains and revenues shaped by policy

Capital is more expensive and less reliable

Fiscal fragility and rate volatility undermine long-range planning

Fragmentation replaces efficiency

Trade barriers, sanctions and export controls force structural reorganization

"No integrated view linking policy, markets and corporate outcomes — internal teams are siloed, consultants lack real-time insight, political analysis is never translated into business impact."

A Rare Combination of Policy
and Investment Expertise

O'Sullivan and Smart bring complementary, hard-won experience across policy, markets and corporate strategy — the three pillars that must be integrated for sound decision-making today.

Pillar I
Policy
At the highest levels of government
  • US Treasury: led European financial crisis response and Russia/Central Asia engagement
  • White House National Economic & National Security Councils
  • Irish government advisory through the euro-crisis
  • WestExec Advisors: geopolitical risk advisory to senior decision-makers
Pillar II
Markets
Translating policy into investment signals
  • Credit Suisse Chief Investment Officer, International Wealth Management (12 years)
  • Barings Investment Institute: Chief Global Strategist & Founder (2018–2023)
  • Harvest Innovation: bridging policy and asset markets
  • Contributors to Barron's, CNBC, WSJ, FT and Bloomberg
  • Author: The Levelling — geopolitics, finance and the new world order
Pillar III
Corporate Outcomes
Shaping strategy for leading firms
  • European automotive major: supply chain risk assessment
  • Construction multinational: adapting strategy to macro pressures
  • Japanese bank: navigating Washington policy landscape
  • US insurer: debt strategy formulation
  • European conglomerate: adjusting to shifting trade policy
  • Understanding Washington for EU-headquartered firms

We Translate Geopolitical Risk
Into Actionable Corporate Strategy

A structured two-phase engagement designed to build immediate clarity and sustained resilience — from a focused diagnostic through to ongoing board-level advisory.

Phase I

Strategic Risk Assessment

6 – 8 weeks
  • Identify key exposures across policy, trade and markets
  • Map impact across revenue, costs, financing and governance
  • Develop scenarios: base, stress and crisis
  • Deliver a concrete strategic action framework
Phase II

Ongoing Advisory

Ongoing Retainer
  • Monthly Risk Control Group — CRO / CFO level
  • Real-time monitoring and interpretation of emerging risks
  • Strategic adjustments and crisis preparedness
  • Guidance on engagement with policymakers
  • Trans-Atlantic perspective: Washington & European capitals

Geopolitics reshapes every business line — revenue, costs, financing, profit and governance. Start a conversation →

O'Sullivan & Smart

Two senior advisors, one integrated perspective — combining European and American networks, policy depth and investment experience that no single firm or analyst can replicate.

The Arbroath Group brings together a rare trans-Atlantic pairing: a Paris-based economist with two decades in global wealth management, and a Boston-based former White House and Treasury official with deep investment markets experience.

Michael O'Sullivan
Strategic Advisor

Michael O'Sullivan

Author, Economist & Investor

Mike brings twenty years of experience in global financial markets, most recently as Chief Investment Officer in the International Wealth Management Division of Credit Suisse, where he worked for twelve years. He now advises a number of asset management and fintech companies, including Moonfare.

He co-founded a digital wealth manager in the UK (Rosecut) and is a director of Unio Wealth Management in Ireland. He is also a senior advisor at WestExec Advisors and Chair of the Jane Goodall Legacy Foundation.

Mike is the author of The Levelling (PublicAffairs), which outlines the future of politics, economics, finance and geopolitics in the post-globalization era. He has recently co-authored L'Accord du Peuple (Calmann-Lévy) and made the BBC Radio 4 documentary Waking Up to World Debt.

Christopher Smart
Founder & Managing Partner

Christopher Smart

Investor, Economist & Former Senior Policymaker

Christopher is the founder of the Arbroath Group and a principal at WestExec Advisors. From 2018 to 2023, he was Chief Global Strategist at Barings and founded the Barings Investment Institute, which focused on investment opportunities shaped by macroeconomic and political dynamics.

Before that, he served as Special Assistant to the President at the National Economic Council and National Security Council, advising on trade, investment and global economic issues. He also spent four years as Deputy Assistant Secretary of the Treasury, leading the response to the European financial crisis and U.S. engagement across Europe, Russia and Central Asia.

Christopher maintains an active public profile through regular columns in Barron's, Bloomberg Opinion and Foreign Policy, and frequent appearances on CNBC and Bloomberg TV. He has been a Senior Fellow at Carnegie Endowment, Harvard Kennedy School and Chatham House. He holds a Ph.D. from Columbia and a B.A. from Yale, and is a CFA charterholder.

Geopolitics, Economics & Markets

"Iran Regime Digs in on Hormuz"

Bloomberg Balance of Power · March 2026

"U.S.-China disengagement will be long and painful"

CNBC China Connection · March 2026

"Trump Signals All-Out Iran Push"

Bloomberg Balance of Power · March 2026

IMF-World Bank Meetings

Bloomberg Balance of Power · April 2025

Canadian Trade Tensions

BBC World News · April 2025

"I'm not sure there's a real plan here" — on tariffs

CNBC Power Lunch · February 2025

Leading Thoughts

O'Sullivan and Smart contribute regularly to leading global publications on geopolitics, economics and market strategy.

Newsletter

Leading Thoughts on Substack

Track our latest views on political, economic and market developments — delivered directly to subscribers.

Learn more →
Book

The Levelling

Mike O'Sullivan's landmark work on what's next in politics, economics, finance and geopolitics in the post-globalization era. Published by PublicAffairs.

Michael O'Sullivan
Columns & Commentary

Barron's · Bloomberg Opinion · Foreign Policy

Christopher Smart contributes regular analysis to leading financial and policy publications, and appears frequently on CNBC and Bloomberg TV.

Christopher Smart

Start a Conversation

Reactions to our published work and inquiries about advisory engagements are always welcome. We are happy to discuss how our trans-Atlantic perspective and integrated expertise might address your firm's specific challenges.

We are based in Boston and Paris, with networks across Washington, London, Brussels and major financial centers.

Michael O'Sullivan — Paris

mosullivan@arbroathgroup.com +353 85 247 3268

Christopher Smart — Boston

csmart@arbroathgroup.com +1 617-510-1558

Declaration of Arbroath

Strategic investment advice must be thoughtful, informed and above all independent. We take our name from the Declaration of Arbroath, signed by Scottish barons in this coastal town northeast of Edinburgh in 1320 to declare independence from England.