Welcome

I was born in Bern, Switzerland, where I did my undergraduate studies and earned my diploma (Lizentiat) in Economics and Management in 1981. I then became an assistant of Professor Karl Brunner and did my graduate studies in finance at the University of Rochester, NY. I got my doctorate at the University of Bern in 1985 based on a thesis on the Swiss stock market. After a one-year visiting scholarship at the Economics Department of MIT, Cambridge, MA, I became a lecturer at the University of St. Gallen (HSG), Switzerland, while working on my habilitation thesis on option pricing. I was elected Privatdozent in 1989. In the same year, I became an associate professor of Economics and Finance, and in 1990 I was promoted to full professor at the HSG. At the same time, I took charge over the newly established Swiss Institute of Banking and Finance, where I worked until 2001. I taught finance classes at the University of Basel (since 1988), Bern, Zurich, and at institutions such as the Swiss Banking School, AZEK, Institut für Finanzmarktanalyse (IFFA), and elsewhere.

My research interest is in applied finance, asset pricing, risk management and derivatives. I serve as managing editor of the Journal of Financial Markets and Portfolio Management, and as associate editor of other academic journals. My professional experience also includes some consulting in the financial community, as well a few board memberships. For more details, please click one of the following links, or contact me directly by email.

• Education and Career
• Publications
• Unpublished Manuscripts and Working Papers
• Editorial Activities and Academic Affiliations
• Teaching
• Former Doctoral Students
• Boards and Consulting Activities