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Congratulations to the department’s newest University Research Chair

Thursday, April 9, 2020

Alexander SchiedThe University has appointed Professor Alexander Schied as a University Research Chair.

Schied has written more than 60 papers focused on risk management, modelling and optimization in finance and economics, robustness and model uncertainty, and issues arising from market microstructure and price impact. Organizers of major conferences around the world including World Congress of the Bachelier Finance Society, General Advanced Mathematical Methods in Finance (AMaMeF) and Swissquote Conference, Society for Industrial and Applied Mathematics (SIAM) Conference on Financial Mathematics, and the Conference on Stochastic Processes and Their Applications have invited Schied to deliver a plenary lecture.

“Professor Schied is very deserving of the honour of being named as a University Research Chair,” said Stefan Steiner, chair, Department of Statistics and Actuarial Science. “He has displayed excellence in the field of probability theory and stochastic analysis with applications to mathematical finance and economics.”

In 2002, along with Hans Föllmer, Schied wrote the book Stochastic Finance: An Introduction in Discrete Time. The book was republished in 2011 and 2016. He has also been a member of several editorial boards and co-editor of Finance and Stochastic, as well as a member of several committees for conferences around the world.

Each year the University grants faculty members to a seven-year term as University Research Chair to recognize exceptional achievement and pre-eminence in a particular field of knowledge. The appointee can decide between a teaching reduction of one course per year or an annual stipend.

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