Dr. Tatjana Puhan

Dr. Tatjana Puhan

Adjunct Faculty
University of Mannheim
Copernicus Wealth Management
Bleicherweg 74
8002 Zurich, Switzerland

Current Position

  • Chief Investment Officer at Copernicus Wealth Management, Zurich, Switzerland (since 09/2023)
  • Adjunct Faculty, Chair of International Finance, University of Mannheim (since 02/2015)

Previous Positions

  • Managing Director, Deputy CIO, TOBAM, Paris, France (01/2020 – 07/2023)
  • Head Equity & Asset Allocation at Swiss Life Asset Managers, Zurich, Switzerland (12/2015 – 12/2019)
  • Portfolio Manager Asset Allocation & Equity bei Swiss Life Asset Managers, Zurich, Switzerland (08/2014 – 11/2015)

Research Interests

  • Financial Markets: Investions, Options, Liquidity, Market Microstructure.
  • Asset Pricing: Empirical. 
  • Corporate Finance: Empirical and Theory.


09/2009 – 10/2014

Ph.D. in Finance (excellent with highest honors) at the Swiss Finance Institute of the University of Zurich, Zurich, Switzerland

08/2012 – 09/2013

Visiting Predoctoral Research Fellow at the Kellogg School of Management (USA) at Northwestern University, Evanston / Chicago (IL), USA

10/2007 – 07/2009

Ph.D. Student at the Department of Economics, University of Hamburg, Hamburg, Germany

Further Working Experience

2005 – 2007

M.M. Warburg & CO KGaA, Private Banking Inhouse Consultant and Relationship Manager, Hamburg, Germany



  • Ahrends, Meike, Wolfgang Drobetz und Tatjana Xenia Puhan, 2018, Cyclicality of Growth Opportunities and the Value of Cash Holdings, Journal of Financial Stability, Vol. 37, 74–96.
  • Arnold, Marc, D. Hackbarth, and Tatjana Xenia Puhan, 2017, Financing Asset Sales and Business Cycles, Review of Finance, Vol. 22, 243–277
  • Vogel, Rick, Tatjana Xenia Puhan, Edlira Shehu, Doron Kliger, and Henning Beese. Funding Decisions and Entrepreneurial Team Diversity: A Field Study. Journal of Economic Behaviour and Organization (JEBO), Vol. 107 Part B, 595–613, 2014.
  • Puhan, Tatjana Xenia and Rick Vogel. Solving the Innovation Dilemma by Creating Organizational Think Tanks. International Journal of Entrepreneurship and Innovation 11(4), 2009.
  • Puhan, Tatjana Xenia. Balancing exploration and exploitation by creating organizational think tanks. Gabler Verlag, ISBN: 3834909351, 2008.