Credit: TOBAM
Prof. Dr. Tatjana Puhan
Honorary Professor
University of Mannheim
Swiss Re
Mythenquai 50/
8002 Zurich, Switzerland
Swiss Re
Mythenquai 50/
8002 Zurich, Switzerland
Current Position
- Head of Asset Allocation, Swiss Re, Zurich, Switzerland (since 05/
2024) - Honorary Professor, Chair of International Finance, University of Mannheim since 2026 (Adjunct Faculty since 02/
2015)
Previous Positions
- Chief Investment Officer at Copernicus Wealth Management, Zurich, Switzerland (09/2023 – 05/
2024) - 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.
Education
| 09/ | Ph.D. in Finance (excellent with highest honors) at the Swiss Finance Institute of the University of Zurich, Zurich, Switzerland |
| 08/ | Visiting Predoctoral Research Fellow at the Kellogg School of Management (USA) at Northwestern University, Evanston / Chicago (IL), USA |
| 10/ | 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 |
Publications
- Dichtl, H., Drobetz, W., Otto, T., & Puhan, T. (2026). Bootstrapping and bias: The economic costs of misjudging downside risk. The Journal of Portfolio Management, 53(1), 174–199. https://doi.org/10.3905/jpm.2026.063
- Dichtl, H., Drobetz, W., Otto, T., & Puhan, T. (2026). Don't draw the downs apart: How to best simulate asset price drawdowns. Journal of Empirical Finance, 88, Article 101738. https://doi.org/10.1016/j.jempfin.2026.101738
- Cabrol, A., Drobetz, W., Otto, T., & Puhan, T. (2024). Predicting corporate bond illiquidity via machine learning. Financial Analysts Journal, 80(3), 103–127. https://doi.org/10.1080/0015198X.2024.2350952
- Ahrends, M., Drobetz, W., & Puhan, T. (2018). Cyclicality of growth opportunities and the value of cash holdings. Journal of Financial Stability, 37, 74–96. https://doi.org/10.1016/j.jfs.2018.05.005
- Arnold, M., Hackbarth, D., & Puhan, T. (2018). Financing asset sales and business cycles. Review of Finance, 22(1), 243–277. https://doi.org/10.1093/rof/rfx040
- Vogel, R., Puhan, T., Shehu, E., Kliger, D., & Beese, H. (2014). Funding decisions and entrepreneurial team diversity: A field study. Journal of Economic Behavior & Organization, 107(Part B), 595–613. https://doi.org/10.1016/j.jebo.2014.02.021
- Puhan, T., & Vogel, R. (2009). Solving the innovation dilemma by creating organizational think tanks. The International Journal of Entrepreneurship and Innovation, 10(4), 291–300. https://doi.org/10.5367/000000009790012345
- Puhan, T. (2008). Balancing exploration and exploitation by creating organizational think tanks. Gabler. https://doi.org/10.1007/978-3-8349-9755-5