Prof. Dr. Manuel Ammann / Rep. Vitaly Orlov

Welcome to the Chair of Finance, headed by
Prof. Dr. Manuel Ammann

The main area of expertise at the Chair of Finance is empirical financial markets research. The chair offers lectures in the Master of Arts in Banking and Finance program and in the Finance doctoral program. In executive education, the chair is active in the MBA and offers public and in-house seminars.

The main research areas are:

  • Asset Management

  • Financial Markets 

  • Derivative Instruments

  • Risk Management 

Prof. Dr. Manuel Ammann has been elected as the new Rector of the HSG as of February 2024. The Chair of Finance will be taken over by Prof. Dr. Vitaly Orlov on an interim basis. 



Chair representation

Vitaly Orlov

Prof. PhD

Assistant Professor

Büro 51-5017
Unterer Graben 21
9000 St. Gallen

Tom Burdorf


Büro 51-5005
Unterer Graben 21
9000 St. Gallen


2019 Weigert, Florian: Essays on Hedge Funds, Mutual Funds, Asset Pricing, and Banks.
2010 Schmid, Markus: Essays on Corporate Governance, Corporate Diversification, and Venture Capital Financing.
2020 Feser, Alexander: Essays on the Interaction of Options and Equity Markets.
Straumann, Simon: Essays in Empirical Finance.
2019 Fischer, Sebastian: Essays on Mutual Fund Activeness and Sustainability as a Flow Determinant.
2017 Schade, Jan-Philip: Essays on Factor Investing and Social Trading.
2016 Ehmann, Christian: Essays on Institutional Asset Management and Financial Markets.
2015 Artiga González, Tanja: Essays in Corporate Finance.
Horsch, Philipp: Three Essays in Empirical Corporate Finance.
2014 Marquardt, Sina: Essays on Derivative Pricing and Mutual Fund Manager Behavior
Nigbur, Tobias: Three Essays on Risk in Financial Markets.
Schuette, Dustin: Corporate Financial Aspects of the Financial Crisis.
2012 Büsser, Ralf: Essays on Foreign Exchange Option Markets
Frey, Roman: Essays on Jump-Diffusion Models in Asset Pricing and on the Prediction of Aggregate Stock Returns.
Kohler, Alexander: Essays on Hybrid Debt Instruments and Market Microstructure.
Wipplinger, Evert: Spot and Derivative Markets.
2011 Gioulekas, Sotirios I.: Examining corporate financing : an analysis of aggregate private equity activity, LBO valuation dynamics, and the bank lending channel of monetary policy transmission.
Huber, Otto: Investigating hedge fund performance.
Merz, Rolf: Optimal portfolio choice under parameter uncertainty.
Oesch, David: International corporate governance and firm value.
2010 Berchtold, Rachel: Demographic change and the impact on financial markets.
2009 Brommundt, Bernd Michael: Advances in the pricing of collateralized debt obligations.
Ising, Alexander: Mutual fund manager behavior and performance.
Steiner, Michael: Risk factors, fund performance, and prediction in the Swiss stock market.
Süss, Stephan: Volatility indices and their derivatives.
Zingg, Andreas: The performance and governance of pension funds in Switzerland.
2008 Schöber, Thomas: Buyout-backed initial public offerings.
2007 Mayr, Bernhard: Financial contagion and intra-group spillover effects.
Moerth, Patrick: Hedge funds: performance analysis, strategy classification, and portfolio construction.
2006 Kessler, Stephan Markus: Liquidity and capital market imperfections.
Seiz, Ralf: Convertible securities.
Verhofen, Michael: Bayesian inference in empirical finance
2020 Weigert, Florian Université de Neuchâtel
2019 Schaub, Nic WHU
2015 Artiga González, Tanja VU Freie Universität Amsterdam
2014 Oesch, David Universität Zürich
2013 Käck, Andreas Universität Sussex
2012 Seeger, Norman VU Freie Universität Amsterdam
2012 Wipplinger, Evert VU Freie Universität Amsterdam
2010 Schmid, Markus Universität Mannheim
2008 Kind, Axel Universität Konstanz