FinsureTech Talks

Rescheduled for March 2025

 

Speaker: Seraina Frey, Head of Asset Management Technology, UBS 

Cancelled!!! This talk is cancelled and will be rescheduled for Q1 2025!

Title: "Navigating the AI frontier in Banking: A Manager Perspective"

18.00 - 19.00, ETH Zurich Main Building, Room E 1.1 

About Seraina: Seraina was appointed Head of Asset Management Technology in April 2022 and is a member of the Group Operations and Technology Office (GOTO) and of the Asset Management Management Team. Seraina is also a member of the Board of Directors for UBS Business Solutions (India) Private Ltd and until the end of January 2023 has held the role as Swift Director and chair of the Swift Technology and Production Committee (TPC).

In her role as Head of Asset Management Technology she is responsible for the technology estate of the AM division and is driving the technology strategy aligned to the business need. Key strategic focus areas include the enablement of client-centric outcomes incl improving the user experience, driving innovation across all technology products, i.e. building for the future and promoting efficiency, stability and resiliency in our environment.

Since joining UBS in 2006 Seraina has held a variety of leadership positions such as Head of Shared Services Operations, Head of GWM EMEA Operations, Chief of Staff to the UBS Group COO as well as leadership roles within UBS’s Group Operations functions.  


Past Talks:

July 2024 

Speaker: Marcos López De Prado, ADIA & Cornell University, USA

Marcos Lopez

Title:  "Why Has Factor Investing Failed?: The Role of Specification Errors"

(followed by a joint Apero) 

Abstract: Factor investing has failed to perform as expected. Explanations for that failure vary, from overcrowding to overfitting. This seminar shows that one important (and overlooked) reason for factor investing's failure is specification errors, because: (1) factor strategies that over-control for colliders can yield systematic losses, even if all correlations remain constant and the risk premia are estimated with the correct sign; and (2) specification errors explain the erratic performance of factor investing strategies. Crucially, attendees will learn techniques to detect and avoid costly specification errors. 

About Marcos: Dr. Marcos Lopez de Prado is Global Head of Quantitative Research & Development at the Abu Dhabi Investment Authority, and Professor of Practice at Cornell University. He has helped modernize finance for the past 25 years, by pioneering machine learning and statistical inference methods, and by implementing the Big Science paradigm of national laboratories at some of the largest investment corporations. In recognition of this work, Marcos has received various scientific and industry awards, including the National Award for Academic Excellence (1999) by the Kingdom of Spain, the Quant Researcher of the Year Award (2019) by Portfolio Management Research, the Buy-Side Quant of the Year Award (2021) by Risk.net, and the Bernstein Fabozzi / Jacobs Levy Award (2024) by The Journal of Portfolio Management. The Social Science Research Network (SSRN) ranks him among the 10 most-read authors in Economics, and he has testified before the U.S. Congress on AI policy. For more information, visit www.QuantResearch.org

Please register (closed) 

May 2024 

Speaker: Gavin Wood, Developer. Architect. Inventor. Founder. Visionary.

Title: Core Jam 

Agenda:

16.15 Welcome - Prof. Roger Wattenhofer, ETH Zurich 

16.20 Talk by Gavin Wood

17.15 Q&A Session (all) 

18.00 Closing

About Gavin: Gavin is known as co-founder of two leading blockchain ecosystems, Polkadot and Ethereum. As co-founder and original CTO of Ethereum, he created the Ethereum Virtual Machine (EVM) and conceived the Solidity Smart Contract language, which plays a pivotal role in the growth and innovation of blockchain technology by enabling the creation of programmable and trustless applications.


Registration is free of charge. Spaces are limited, so be sure to register early to secure your spot.

December 2023

Speaker: Mathias Studach, Head of Risk, Finance, and Organizational Development, Swiss Digital Exchange 

Mathias Studach

Title: Revolutionizing Finance: The Transformative Power of Blockchain Technology

Abstract: Mathias provides insights into the transformative potential of blockchain technology in the financial sector and highlights the challenges ahead. He stresses the revolutionary impact that blockchain could have on financial operations, resulting in substantial cost reductions and increased efficiency. Furthermore, Mathias investigates the obstacles that traditional financial institutions face while adopting blockchain and emphasizes the significance of global regulations and standards. 

About Mathias: Mathias joined SIX Digital Exchange in July 2018 as Head Finance, Risk, and Organizational Development. He has a wealth of experience in financial markets, especially in the management and implementation of enabling-technologies, strategy and controlling. In his previous role as Head Technology at a Swiss private bank in Zurich, he was responsible for the digital transformation of the company and the technological implementation of their Blockchain Asset Management Solution. 

October 2023

Speaker: Marcos López De Prado, ADIA & Cornell University, USA

Marcos Lopez

Title: Causal Factor Investing – Can Factor Investing Become Scientific?

external page Link to Recording 

external page Link to Slides

Abstract: Virtually all journal articles in the factor investing literature make associational claims, instead of causal claims. Authors do not identify the causal graph consistent with the observed phenomenon, they justify their chosen model specification in terms of correlations, and they do not propose experiments for falsifying causal mechanisms. Absent a causal theory, their findings are likely false, due to rampant backtest overfitting and incorrect specification choices. I differentiate between type-A and type-B spurious claims, and explain how both types prevent factor investing from advancing beyond its current phenomenological stage. This monograph analyzes the current state of causal confusion in the factor investing literature, and proposes solutions with the potential to transform factor investing into a truly scientific discipline. 

external page Link to Abstract (Cambridge University Press)

About Marcos: Marcos López de Prado is a hedge fund manager, entrepreneur, inventor, and professor. Marcos serves currently as global head of quantitative research and development at the Abu Dhabi Investment Authority (ADIA). Marcos earned a PhD in financial econometrics (2003), and a second PhD in mathematical finance (2011) from Universidad Complutense de Madrid. He completed his post-doctoral research at Harvard University and Cornell University, where he is a professor. Marcos has received various scientific and industry awards, including the National Award for Academic Excellence (1999) by the Kingdom of Spain, the Quant Researcher of the Year Award (2019) by The Journal of Portfolio Management, and the Buy-Side Quant of the Year Award (2021) by Risk.net. For five consecutive years, SSRN has ranked him as the most-read author in Economics. Marcos is the author of several popular graduate textbooks, including Advances in Financial Machine Learning (Wiley, 2018) and Machine Learning for Asset Managers (Cambridge University Press, 2020).

 

September 2023

Speaker: DACHENG XIU

Prof. Xiu

Professor of Econometrics and Statistics
Booth School of Business, University of Chicago

Title:  The Statistical Limit of Arbitrage

Abstract: 

external page Link to Paper

Biography: 

Dacheng Xiu is Professor of Econometrics and Statistics at the University of Chicago Booth School of Business. His current research focuses on developing machine learning solutions to big-data problems in empirical finance. Xiu’s work has appeared in the Journal of Finance, Review of Financial Studies, Econometrica, Journal of Political Economy, the Journal of the American Statistical Association, and the Annals of Statistics. He has served as Co-Editor for the Journal of Financial Econometrics and has been on the editorial board as an Associate Editor for many prestigious journals, including the Review of Financial Studies, Journal of the American Statistical Association, Journal of Econometrics, and Management Science. He has received several recognitions for his research, including the Fellow of the Society for Financial Econometrics, Fellow of the Journal of Econometrics, AQR Insight Award, EFA Best Paper Prize, and Swiss Finance Institute Outstanding Paper Award. At Booth, he teaches a variety of courses related to FinTech, Big Data, and Statistical Inference to MBA, college, and PhD students. Xiu earned his PhD and MA in applied mathematics from Princeton University.

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