Launch of the Senior Management Program in Geneva

Next week marks the official start of the Institute's new executive education offering, the Senior Management Program in Banking. The first study block of the program starts on Monday and takes place in Geneva at the Hotel de la Paix.

Patrick Odier, Managing Partner at Lombard Odier Darier Hentsch, will give the plenary lecture at a special opening event next Monday evening that is jointly hosted by Geneva Financial Center and the Swiss Finance Institute.

Held at Restaurant du Parc des Eaux Vives, Geneva, the invitation-only event will assemble banking director generals and CEOs from international banks and other leading financial service organizations.

Over the next 6 months, the 25 participants of the program will meet again in London, Frankfurt and Madrid where they will attend week-long study blocks on the latest strategic thinking in the banking industry.

The program will open on Monday morning with an introductory lecture by SFI Director of Executive Education Dr Harry Hurzeler (photo) and Program Director Dr Silvia Gerber.

Mathematician’s move to finance yields place at prestigious Duke University

More news of our doctoral graduates achieving the critical first rung on the finance faculty ladder as Lukas Schmid joins the Fuqua School of Business, Duke University.

With a background in pure mathematics from ETH Zurich, Lukas made the move to finance with a desire to apply quantitative methods to real-world problems. His research aims to integrate corporate finance and asset pricing literatures with a focus on quantitative aspects.

Lukas entered the job market at this year’s American Finance Association meeting in January following a similar path to Sébastien Michenaud, whom I mentioned in a previous posting.

At the Meeting, Lukas was invited for a staggering 38 interviews, which he managed to translate into 19 so-called “flyout offers”: invitations for on-campus interviews at top tier universities in Europe and North America.

I first met Lukas at the 2006 Doctoral Workshop just before he set off for a visiting scholarship at the Wharton School. He went on to win the 2007 Grandchamp prize for best PhD thesis.

Lukas completed his PhD at the University of Lausanne supervised by Professor Jean-Pierre Danthine.

He will take up his position at Duke on July 1.

Second opinions in finance at Gerzensee doctoral workshop

By day's end of the opening of the 2008 Gerzensee meeting, the busy meeting schedule saw 6 research presentations from faculty, 18 doctoral presentations, a meeting of the General Assembly and a plenary lecture by Felix Kubler on robust computational experiments in finance.

The focus of the 2 day event is the doctoral workshop. Students are encouraged to present relatively early drafts of their research, rather than work that is nearer to publication. Each early draft paper is distributed to a single student discussant and to a member of faculty that is not directly supervising the research.

Students are very positive about this arrangement. They gain a critical review of their research from a fellow student, and insights from faculty. These second opinions (this is how one student described the process) can bring focus to preliminary results and can identify blind spots in otherwise well made research plans.

I’ll be following up this post with posts about individual attendees at the meeting, including students and professors who presented their work, and from other finance researchers that assembled at Gerzensee during the these intense two days past.

There is a full photo gallery of the event posted here.

Photos courtesy of Adrian Wipf.

Annual research meeting opens at Gerzensee

During the next few days, students and faculty of the Swiss Finance Institute will assemble at Gerzensee Study Centre, near Bern, for an annual research workshop.

The two-day meeting is largely devoted to research presentations, but also features a general assembly meeting of the Swiss Finance Institute, and of Finrisk, the Swiss National Science Foundation’s research project on Financial Valuation and Risk Management.

An important part of the meeting is the Doctoral Workshop. Students of the SFI doctoral program present their research and receive feedback from fellow students and faculty.

The student presentations are much anticipated events. Each student will not only present their own work, but also make a presentation on the work of fellow students in the program.

Prizes are awarded for the best research presentation, and also for the best presentation on a fellow student’s work, the so-called “best discussant” award.

The photo shows the first group of students shortly after they arrived on Sunday evening.

Founded by the Swiss National Bank, the Gerzensee Study Centre is an education and training centre for central bankers and economists. Though only 18 minutes by train from Bern, the Centre offers a kind of isolated splendor with fantastic views of the Swiss Alps.

I will reporting on the event during the next few days.