About us The s/bf-HSG is a centre of competence for research and teaching at the University of St.Gallen (HSG) with a fine reputation for banking, corporate finance and capital markets research in Switzerland. The institute combines the seven chairs of Professors Ammann, Brown, Füss, Ranaldo, Schmid, Söderlind, and Tykvová, all members of the School of Finance. Our core areas of research and teaching are Investment Management, Asset Pricing, Derivatives, Corporate Finance, Real Estate Finance, Systemic Risk, Private Markets and Alternative Investments, and Banking. Besides teaching and offering executive education for finance professionals, we advise commercial banks, central banks, financial institutions, and international organisations. Much of our research has been favourably received across Europe and beyond.