German American Business Outlook 2022

Thursday, Jan 27, 2022

What will the Economic Landscape look like for German Companies in the U.S. in 2022?

The German American Business Outlook (“GABO”) is one of the most important economic indicators of German American business relations. The German American Chamber of Commerce offices, together with KPMG in Germany, surveyed German subsidiaries in the United States on their views of how the current economic landscape in the midst of the global pandemic has impacted their business outlook.  The results of this survey will be presented by KPMG Germany and followed by a panel discussion featuring New England industry leaders and their stand on the economy.

[Here is a look at last year’s GABO 2021 results.]

Date:  Thursday, January 27, 2022
Time: 11:30 AM to 1PM EST
Location: Zoom Webinar
Cost: Complimentary


Welcome followed by

  • International Business Update by Dr. David Kelly, CFA, Managing Director, Chief Global Strategist | J.P. Morgan
  • Introductory Remarks by Dietmar Rieg, President & CEO, GACC New York
  • Presentation of GABO 2022 Survey Results by Andreas Glunz, Managing Partner International Business | KPMG AG Wirtschaftsprüfungsgesellschaft
  • Followed by Panel Discussion with New England Industry Leaders
    • John Tesoro, CEO of TÜV SÜD America
    • Sabine Hauck, SVP, Leukocare AG
    • Frank Pfeiffer, President and CEO of Semikron Inc.
    • Carlos Perez, Executive Director J.P. Morgan (Moderator)

When registering, you will automatically receive an email from Zoom with the Webinar link for the event. Please save it to your calendar.  In case you don’t see the email right away, please check your Spamfilter.



Dr. David Kelly, CFA, Managing Director, Chief Global Strategist | J.P. Morgan

Dr. David Kelly is the Chief Global Strategist and Head of the Global Market Insights Strategy Team for J.P. Morgan Asset Management. With over 20 years of experience, David provides valuable insight and perspective on the economy and markets to the institutional investor and financial advisor global communities.
David’s research focuses on investment implications of an evolving economic environment. He has written extensively on all aspects of the U.S. economy and his proprietary U.S. economic forecasting model helps shape his views on both the economic landscape and prospective asset class returns. He currently sits on JP Morgan Fund’s operating committee. Throughout his career, David has developed a unique ability to explain complex economic and market issues in a language that financial professionals can use to communicate to their clients. He is a keynote speaker at many national investment conferences and a frequent guest on CNBC, Bloomberg, and other financial media outlets. Prior to joining J.P. Morgan Asset Management, David served as Economic Advisor to Putnam Investments. He has also served as a senior strategist/economist at SPP Investment Management, Primark Decision Economics, Lehman Brothers and DRI/McGraw-Hill. David is a CFA® charterholder. He also has a Ph.Dand M.A. in Economics from Michigan State University and a B.A. in Economics from University College Dublin in the Republic of Ireland.

Andreas Glunz, Managing Partner International Business | KPMG AG Wirtschaftsprüfungsgesellschaft

Andreas Glunz is employed at KPMG since 1991. He holds a German CPA (Wirtschaftsprüfer) and German Tax Advisor (Steuerberater) and audits mainly Japanese, US, UK and Scandinavian groups since 2000 as an Audit Partner. From 2008-2010 he headed the Turkish Desk and from 2009-2015 the Global Japanese Practice of KPMG in Germany. Since 2015 he is in charge as Managing Partner of KPMG Germany´s entire International Business and all country corridors/country practices.

He is advising international groups in all phases of their life cycle from foundation to closure and in all newly developing challenges and chances. He also supports German groups with their international activities in close collaboration with the local KPMG member firms and the seconded employees from KPMG Germany in those countries. Within the global KPMG network he promotes international collaboration. Andreas Glunz regularly publishes thought leadership and is a speaker at international business related events with a connection to the business location Germany, often in cooperation with the foreign German chambers and international organizations.

John Tesoro, President and CEO of TÜV SÜD America, Inc

John B. Tesoro is President and CEO of TÜV SÜD America, Inc., a leading global service provider for testing, inspection, certification and training that adds tangible value to customers and partners by enabling market access and managing risks. In this role, Mr. Tesoro provides senior leadership of the strategic planning and deployment process, product innovation, organic growth initiatives and lean operational execution. He also oversees the M&A process and portfolio evolution, as well as organizational transformation and leadership team development. Mr. Tesoro is a member of the Global TÜV SÜD AG Leadership Council.

Prior to his current role with TÜV SÜD America, Inc., Mr. Tesoro held several technology senior leadership positions, most recently with an operating company in the Fortive Corporation, a recent Danaher Corporation spin-off. This was preceded by an accomplished tenure in technology investment banking, during which he provided strategic advisory services to leading global companies. He started his career with test and measurement company, GenRad (now part of Teradyne) in technical marketing and sales. A graduate of Rensselaer Polytechnic Institute, Mr. Tesoro holds a BS in Electrical Engineering and an MBA, Finance from the University of Rochester – William E. Simon School of Business.

Frank Pfeiffer, President and CEO of Semikron Inc. 

Frank Pfeiffer is the President and CEO of SEMIKRON Inc., part of a family owned business with group headquarters in Nuremberg, Germany. Mr. Pfeiffer has been serving SEMIKRON over 16 years in various positions, most recently as Sales Director Europe for SEMIKRON International before heading the U.S. production facility since January 2018. Mr. Pfeiffer received his engineering degree from the University of Erlangen and his Ph.D. from the University of Duisburg-Essen/Research Center Jülich. SEMIKRON has a staff of more than 3,200 in 25 subsidiaries world-wide and designs and manufactures power electronic chips, modules, stacks and systems that help to reduce the global energy demand. The products are at the heart of modern energy conversion and industrial automation systems. Further application areas include power supplies, renewable energies and electric vehicles.



Sabine Hauck, SVP Corporate Development, Leukocare AG

 Dr. Sabine Hauck headed the R&D department at Leukocare for the last four years. In her new role as Senior Vice President Corporate Development, Sabine is responsible for aligning strategic and technical goals to provide customers with tailor-made solutions in the field of drug product formulation development for biopharmaceuticals. Sabine has 20 years of drug product development expertise as well as several years of in vitro diagnostic and biosensor development. Before joining Leukocare, Sabine was heading Pharmaceutical Development, Quality Assurance and Regulatory Affairs departments at Medigene AG, Martinsried, Germany, Acino International AG, Zurich, Switzerland and IDEA Pharma AG, Basel, Switzerland and Munich, Germany. She holds a Dr. rer. nat. from University of Regensburg, Germany.



Carlos Perez, Executive Director, Multinational Corporations, J.P. Morgan (Moderator)

Carlos A. Perez is an Industry Executive in the Multinational Corporations (MNC) group of Middle Market Banking & Specialized Industries. He has been with JPMorgan Chase for 10 years and has more than 16 years of finance experience. Carlos oversees MNCs Northeast segment’s coverage initiatives of foreign-owned subsidiaries that range in revenue size from $20 million to $2 billion. He joined JPMorgan Chase in 2011 as part of the firm’s expansion into Florida. Prior to his current role, Carlos served as a Senior Banker in Commercial Banking. His background with private & public companies is across diverse industries including trade & logistics, travel & leisure, government contractors, business services, and manufacturing & retail.
Carlos started his career as a licensed financial advisor (Series 7, 66 and 31; lapsed) at Morgan Stanley. He then spent 6 years in different capacities within Commercial Banking at Regions Bank.

This event is supported by