Financial Markets
Your Professors
Asset Pricing Practice. Lieven Baele is Associate Professor of Finance at Tilburg University. His research is mostly in the field of Empirical Asset pricing and International Finance. He has published in journals such as the Review of Financial Studies or the Journal of Financial and Quantitative Analysis. In recent papers, he searches for the fundamental determinants of asset return comovements, both at low (business cycle) and ultra-high frequency, and to what extent return correlations change in times of market stress. He teaches Risk Management, International Finance, and Global Asset Allocation both in (under)graduate and executive programmes (Tias-Nimbas, Vlerick, and Solvay Brussels School of Economics and Management). He has been a consultant to both the public sector (European Central Bank, European Commission) and to private financial institutions.
Excel for Finance & VBA. Nathan Beale graduated as Valedictorian from the Advanced Master’s in Financial Markets at Solvay Brussels School of Economics and Management in 2018. Upon completing the program, Nathan joined Landy Partners in London in September 2018 and is now Product Manager at Landy Tech, an innovative young Fin-Tech company. Nathan uses Excel and VBA extensively for projects ranging from client reporting to valuation models and database ETL processes.
ECB, Stress Tests & Bank Internal Models/Investment Banking. Yassine Boudghene is Head of the Financial Policies and Methodology at the Finance Division of the European Investment Bank and was Head of Section and Joint Supervisory Team Coordinator at the European Central Bank until 2018. He worked previously at the European Investment Bank (Financial Policy), the European Commission (Financial Crisis Task Force) and BNP Paribas Fortis (Debt Capital Markets Group). He lectures at the Solvay Brussels School of Economics and Management.
PRINCIPLES OF ECONOMICS. Micael Castanheira (SBS-EM faculty)is a senior research fellow with the Belgian National Science Foundation and works at ECARES and a professor at Solvay, where he also teaches microeconomics and political economics. His main research topics include the political economics of collective decisions, and of reforms.
Micael is a contributor to leading scientific journals, such as Econometrica, The Journal of the European Economic Association, The Economic Journal, Games and Economic Behavior, International Economic Review, International Tax and Public Finance and the Journal of Public Economics. He is also a member of the scientific board of the Price Observatory of the Belgian government and the National Bank of Belgium, and has worked as an external expert for several companies and institutions (a.o. the World Bank, and the Bertelsmann Foundation).
Private Equity & Hedge Funds. Grégory Chouette is a Partner at Landy Partners, an advisory business specialized in Hedge Funds investment, Risk Management and Portfolio Construction. It is also an asset management firm and a Fintech (LandyTech). Gregory was previously Head of Multi Asset Investment Risk at Schroders, in which capacity he oversaw assets under management of over £50 billion. He set up and chaired the Product Investment Committee process at Schroders which undertakes portfolio review across all Multi Asset desks worldwide. He held previously various positions in Schroders, New Finance Capital LLP and BNP Paribas, most recently as Head of Risk Management and Quantitative Research at Schroders New Finance Capital. Gregory is a CFA charter holder.
Portfolio and Investments. Benoît Daenen is Head of Private Banking Asset Management at Degroof Petercam. He is also director Degroof Petercam Asset Management, Degroof Petercam Asset Services, Degroof Petercam Spain and France.
Private Equity. Arnaud de Cartier d’Yves is Investment Manager at BlackFin Capital Partners. He was previously Investment Manager at Cobepa (Evergreen Private Equity) and also worked at GE Capital in various functions in London and other countries.
Banking Analysis-Practice. Tom Dechaene started life as a corporate financier in Brussels in 1986 at BBL (which is now ING). After an MBA at Insead, he joined Morgan Grenfell – bought by Deutsche Bank in 1990 – in London, specialising in M&A and Equity Capital Markets. In 2000 he left banking and joined a US software company as CFO. Following the banking crisis, he was asked to join the Board of Directors and the Audit and Risk Committee of KBC Group in 2010 as a non-executive. In 2014, he became the director of the National Bank of Belgium responsible for banking supervision. He is a member of the European Central Bank Supervisory Board, supervising the 120 or so most significant banks in the Eurozone.
Investment Banking. Eric De Keuleneer is the CEO of CREDIBE (formerly known as Office Central de Crédit Hypothécaire). He is Professor of Finance and of Regulation at the Solvay Brussels School of Economics and Management and in Vietnam. He is also Executive Director of the University Foundation, and a member of the boards of various public and private institutions. Previously in his career, he worked in Kredietbank Luxembourg, where he was Department Head of Capital Markets. He later ran the Corporate Department and then the Corporate and Investment Banking Department at Generale Bank (presently Fortis). He has written extensively on financial and regulatory matters.
European Financial Integration & Banking Regulation. Tommy De Temmerman is Policy Officer, Bank Regulation and Supervision – DG FISMA at the European Commission. He was previously Bank Recovery and Resolution Expert at the Single Resolution Board (SRB). Prior to this, he held various positions at Belfius Bank, including Investment Portfolio and Financial Regulation and Head of Financial Engineering and Optimisation in the Treasury and Financial Markets department.
OVERVIEW OF FINANCIAL MARKETS AND REGULATION PREPARE YOURSELF FOR THE MARKET. Pierre Francotte is a member of the College of Resolution of Banks in the National Bank of Belgium. He was CEO of Euroclear group from 2000 until 2010. He has been also an independent Board member of Belfius Bank. Prior to this, he was an Assistant General Counsel at the International Monetary Fund, where he worked for over 10 years. He is Advisor to Akinova, a London based insurtech. He is Senior Advisor at Kreab and Chairman of its Financial and Technology Forum. He was Chairman of the ECMI-CEPS Task Force on MiFID Review in 2011-12, which made recommendations on behalf of market participants to the European Commission on the MiFID review.
FINANCIAL INFRASTRUCTURE. Judith Hardt is Senior Advisor ar Better Finance. She was previously Secretary General of the Federation of European Securities Exchanges (FESE) and later Managing Director, Swiss Finance Council. She has also been also Vice Chair of the ESMA’s Securities Markets Stakeholder Group.
PYTHON. Charles Hoffreumon is a researcher at the International Center for Innovation, Technology and Education studies (iCite) and a doctoral candidate at the European Center for Advanced Research on Economics and Statistics (ECARES), both at the Université Libre de Bruxelles, where he does research on the economics of blockchain systems and on digitization. He is also teaching assistant in the fields of computer science and data analytics for economists and business engineers. He holds Master degrees in Business Engineering and Research in Economics.
CORPORATE FINANCE & VALUATION. Benjamin Lorent is Professor of Finance and Insurance at Solvay Brussels School of Economics and Management (Université Libre de Bruxelles), at University of Mons (Belgium) and at Rouen University (France). He also teaches in executive programs at Solvay, in Switzerland and in Vietnam. He holds a PhD in Finance from Solvay and a Master in Actuarial Sciences (ULB). He is a consultant for financial services companies, mainly insurance companies (Axa, P&V…), in the field of risk management and regulatory issues (e.g., Solvency II).
European Financial Integration & Banking Regulation. Mario Nava is Director for Horizontal Policies at DG FISMA at the European Commission. He was Chairman of CONSOB, Italy’s financial markets supervisor in 2018. He had previously held various senior positions at the European Commission, including as Director for Financial System Surveillance and crisis Management, and Director for Regulation and Prudential Supervision of Financial Institutions. He was also a member of the Group of Policy Advisers of President Prodi and of the Cabinet of Prof. Monti. He has been a Visiting Professor at Bocconi University and has taught in several universities in Europe and Latin America.
Sustainable Finance. Bernard Nicolay is Adjunct Professor at Solvay Brussels School. His topics of interest include innovation in financial markets as well as sustainable finance. In parallel, he advises impact and fintech projects on strategy, finance and partnerships, and invests privately as a business angel for sustainable value. He is a former senior banking and insurance executive with BNP Paribas Fortis, Axa and Credit Suisse.
Banking & Insurance. Dr. Jean-Michel Paul is the CEO of Acheron Capital Limited, a London-based independent Investment Management company , which was set up in 2005 and specialises in decorrelated strategies, in particular in the insurance-linked securities market. He was previously Head of Research Asia-Pacific for Rabobank and Senior Analyst at Atlas Capital group where he was managing a $500 M hedge fund portfolio. He is a graduate of the Solvay School of Commercial Engineering (now SBS-EM), and has a PhD in Finance and Real Estate from the University of California at Berkeley. He is a Chartered Financial Analyst. He has co-authored several academic articles and is a regular columnist to Bloomberg.
Corporate Reporting. Robert Peirce is Chairman of the Board of Euroclear Bank. He had previously a cereer in audit, as senior audit partner at PwC and an accredited Belgian financial services auditor for more than 25 years. As such, he has been serving many domestic and multinational quoted corporations reporting under European, International or US accounting and financial standards. He built his international experience through secondments in the UK and in the US and through regular assignments in South America, Eastern Europe and India. Admitted to partnership in 1987, he has, amongst others, led the Belgian audit firm, managed its financial services practice, launched its forensic practice and thereafter chaired the firm’s governance board for eight years. Besides his professional career path, Robert lectured auditing at Louvain School of Management and financial instruments’ accounting and control at St Louis University Faculties in Brussels. Prior to that, he taught financial and managerial accounting at Boston University-Brussels. Since he retired from his professional service firm in June 2012, Robert has been providing expert knowledge to audit committees and executive boards. As honorary Chairman of the Registered Auditors accredited for Financial Institutions and fellow of the European Corporate Reporting Policy Group, he is also regularly consulted on corporate, governance and regulatory matters. He is moreover holding a seat at the disciplinary board and at the admission committee of the Belgian Institute of Registered Auditors.
Risk & Risk Management. Andrew Threadgold is Chief Risk Officer of Treasury at Deutsche Bank London. Before that, he was Head of Market Risk (Americas) at Deutsche Bank; Head of Market Risk (Americas) at Royal Bank of Scotland; Head of Risk and Compliance-Institutional at Fidelity; Group Head of Market Risk at UBS; and Head of Risk Management at Euroclear. He also held various senior positions at JP Morgan both on the risk management side, including Head of Investment Banking Markets Valuation and Risk, CRO at JP.Morgan in New York, and CRO Asia Pacific in Tokyo, and on the business side, including COO for Equity Derivatives in London, and Head of Structured Products Group in New York. He has been an advisor to the Risk Policy Committee at Euroclear.
Financial Infrastructures. Valerie Urbain is CEO of Euroclear Bank and a member of the Management Committee of Euroclear SA. She was previously CEO of Euroclear Belgium, Euroclear France and Euroclear Netherlands, after having held several senior positions within Euroclear group. Earlier in her career, she worked with Banco Hispano Americano and Continental Bank.
Principles of Finance. Céline Vaessen is General Advisor of the Belgian Federal Holding and Investment Company, managing the Belgian State shares in financial institutions which benefited from State aid. Previously, Céline has been an investment banker responsible for financial institutions coverage in Benelux for 4 years. Céline is teaching Corporate Finance principles at the Executive Master in Finance and tutorials at the MBA of the Solvay Brussels School of Economics and Management.
Case Study Valuation – M&A Transaction. Frédéric Van der Schueren is Chief Financial Officer of Belfius Insurance. He was previously Head of Liquidity and Capital management at Belfius Bank. He also teaches at the Solvay Brussels School of Economics and Management.
Banking and Insurance. Rudi Vander Vennet is full professor of financial economics and banking at Ghent University, Chairman of the department of financial economics and programme Director of the postgraduate Master in Banking and Finance. His research interests include European banking, risk management, monetary integration and economic policy. He has published large parts of his research in leading academic and professional journals. He has a broad experience as an economic and banking expert, e.g. as (past) member of the Board of Directors of financial firms, as member of the Belgian High Finance Council, as member of the Bank Stakeholder Group of the European Banking Authority and as policy advisor.
ALM, Fair Valuation & Balance Sheet Optimisation. Johan Vankelecom is CFO and member of the Management Board of Belfius Bank (formerly known as Dexia Bank Belgium). He held previously various functions on banking and/or insurance sides within Dexia, including in Dexia Bank Belgium (Treasury and Public Finance) and in the Dexia Group (Capital Management and Mergers & Acquisitions).
ECB, Stress Tests & Bank Internal Models. Patrick Van Roy is advisor in the Department of Prudential Policy and Financial Stability at the National Bank of Belgium (NBB) since 2005. His tasks mainly consist in contributing to policy making in financial stability issues and leading projects focusing on credit risk and stress testing. In this context, he was recently seconded to the ECB where he coordinated part of the 2016 EU-wide stress test exercise. In the past, he was also seconded to the cabinet of the Belgian Deputy Prime Minister to support the Belgian presidency of the European Council. He regularly represents the NBB in working groups at the ECB, the European Banking Authority and the Basel Committee, and has been a teaching assistant and then lecturer at ULB for more than 10 years.
Patrick holds an undergraduate degree (‘Licence’) in Economics from ULB, a master degree (MPhil) in Economics from the University of Cambridge and a doctorate degree in Economics from ECARES (ULB).