University of Liechtenstein


The University of Liechtenstein is an internationally recognised university, top-rated owing to its close connection between study and practice. The university is a foundation under public law, which allows it to fulfil its performance mandate autonomously and flexibly (Law on the University of Liechtenstein of the 25th November 2004).

The university’s education and transfer offerings are geared to societal needs and business demands. Their key contents (i.e., Architecture and Planning, Business Economics) are disseminated in graduate and undergraduate study programmes as well as in continuing education, research and development, and technology and knowledge transfer. Approximately 900 students are registered in the Bachelor’s, Master’s and doctoral degree programmes, in the Executive Master’s and post-graduate programmes, as well as university courses of study either full-time or in a continuing education capacity. These educational offerings are interdisciplinary and aligned with international decision-making and responsibility expertise.

The Chair in Finance (Prof. Michael Hanke and his team) have been active for around 10 years now in the areas of life-cycle financial planning, long-term asset allocation,  stochastic optimization, and financial scenario generation. Several team members have long-standing experience with online learning.

Expertise & People


michael-hanke-43sw_v3Prof. Dr. Michael Hanke received his doctoral degree and habilitation from WU (Vienna), and is a Certified Financial Risk Manager (FRM). His research interests are in quantitative finance, stochastic optimization, scenario generation, and pension finance. Since 2014, he serves on the investment committee of a pension fund in Liechtenstein. Responsibilities and contributions to the project will be mainly in concept and content development.


sebastian-stoeckl-43sw_v2 Ass.-Prof. Dr. Sebastian Stöckl holds a PhD in Financial Economics and Master Degrees in Business Administration and technical Mathematics and is a Certified Financial Risk Manager (FRM). His research interests lie within the areas of forecasting, asset pricing, and risk management, where he has published in high ranking journals. He is relatively new to the world of pension finance, but will take an active role in the development and production of the online courses. He will also serve as project coordinator and manage all project related tasks.