Since 2001 Professor of Finance at Faculty of Business and Economics of the University of Basel, from 1990 to 2001 at the University of St. Gallen (HSG). Author of numerous papers in the field of empirical capital market research, namely asset pricing and corporate finance, as well as on current financial market topics in the field of pensions and regulation. Current research: pensions, short- and long-term valuation factors in equity markets, option contracts and macroeconomic risks. Co-founder of various companies in the financial services sector (almafinjaeger, ppcmetrics, vescore, LPX) and holder of various mandates in the financial services sector.