Matthew H.

About Matthew H.

Matthew Hornbach is a Managing Director at Morgan Stanley, serving as Global Head of Macro Strategy and a member of the firm’s Global Investment Committee for Wealth Management. In this role, he leads global macro strategy across rates and foreign exchange, overseeing teams spanning New York, London, Tokyo, and Hong Kong.He travels extensively to meet investors who widely recognize him as one of the leading macro strategists globally. From 2021 through 2025, he received the highest number of votes of any analyst in the Economics & Strategy category of the Extel (formerly Institutional Investor) Global Fixed-Income Research poll, reflecting consistent top-tier rankings from institutional investors worldwide.Matthew has spent his entire career at Morgan Stanley, with senior roles in both Tokyo and New York. His experience spans trading, market making, strategy, and business development across global rates markets, including Japanese Government Bonds, yen interest rates, U.S. TIPS, and agency MBS. He previously served as Head of U.S. Rates Strategy and Global Head of Rates Strategy before assuming his current role leading the firm’s macro strategy platform.He holds a BA in Economics from Vassar College and a Certificate of Management Excellence from Harvard Business School. Matthew is a Chartered Market Technician (CMT) and a member of the Fixed Income Analysts Society and the National Association for Business Economics. He is a frequent commentator on Bloomberg TV and CNBC and is fluent in Japanese.Note: Matthew will not respond to LinkedIn messages relating to his role or responsibilities at Morgan Stanley or the business Morgan Stanley conducts. Please email m••••••••@morganstanley.com for inquiry into such matters.Disclaimer: Morgan Stanley is not responsible for content posted by third parties. Morgan Stanley and third parties acting on its behalf, reserve the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. By sending direct messages to Morgan Stanley and/or posting comments, you unequivocally consent to such retention and monitoring. All posts and messages are subject to the following terms: including our Privacy Pledge

Experience

1. Managing Director

   Morgan Stanley

   Jan 2020 — Present · New York, NY, US

   Global Head of Macro Strategy

Education

• Harvard Business School Executive Education

  Certificate of Management Excellence

  2017 — 2019

• Waseda University

  Economics, Japanese

  1997 — 1998

• The American School in Japan

  High School

  1993 — 1994

• Middlebury College

  Japanese

  1996 — 1996

• Vassar College

  BA, Economics

  1996 — 2000

• Benet Academy

  High School

  1992 — 1995