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The recipe for effective decisions - Interview with Markus Schuller

Adoption of sophisticated computing tools enhances but cannot replace human adaptive decision-making processes – said Markus Schuller, lecturer at BIB.

Investment Strategy AutomationKnowledge Management in Investment Teams and Financial Innovation Assesment intituled courses are a very new type of course-innovations in the life of Budapest Institute of Banking in mid-November and December this year.

-How would You describe the facts of VUCA in this industry and how these courses can apply to that?

 -VUCA is often discussed in the context of new technologies, while ignoring that the key to ambiguity tolerance lies within us. Keywords like AI, Fintech, Machine Learning  all refer to comparably naive solutions to date. There is no short-cut to the empowerment of individual decision makers.

-Adoption of sophisticated computing tools enhances but cannot replace human adaptive decision-making processes altogether, unless there is no uncertainty. By artfully combining digital technology with a deep and direct understanding of human decision-making behavior, decisions become impactful.

Our courses enables participants to integrate both, how to utilize computing tools for enhancing most rational decision making.

 -What are the real life examples of effective knowledge management techniques?

 - This starts with how a professional investor partitions his/her day in the morning, continues with when to schedule investment committees, how to configure investment teams to maximize cognitive diversity, how to document along the investment process to maximize the learning experience, and ends at how to incentivize professional market participants to maximize their skin in the game.

 -Since financial innovation is the act of creating new financial instruments as well as new financial technologies, institutions, and markets. This includes hedge funds, private equities, weather derivatives, retail-structured products, exchange-traded funds, multi-family offices, etc… How can these Panthera courses actually help financial professionals in the CEE region?

- Since 1950 we have not seen many financial innovations. Most of those that were labeled innovative, replicated more of the same.  Innovation-based specialization requires critical and creative thinking along the value chain of a professional investment process to make better decisions under uncertainty and complexity. It becomes unavoidably personal. Participants will experience first hand, how to read the cues of pseudo innovation and how to focus on spotting and/or developing innovative solutions.

-Why is this relevant for CEE financial professionals and executives?

- A critical number of sophisticated market participants is crucial for each CEE country. Therefore, getting inspired by real innovation from other financial centers, while developing their own innovative solutions based on their idiosyncratic access to local knowledge, will give them a lasting comparative advantage.

This is not just a nice-to-have, but a survival strategy.

With the Budapest Institute of Banking operating at the heart of the Hungarian and regional capital markets, it remains a key effort and responsibility to provide the best possible executive education to its market participants. We feel pleased and honored to have been chosen to contribute to this ongoing sophistication process of professional capital market participants in this fascinating country.

Markus Schuller has 15+ years experience in trading, structuring and managing standard and alternative investment products. Prior to Panthera Solutions, Markus worked in executive roles for a Long/Short Equity Hedge Fund for which he developed the trading algorithm. He was one of the first in Europe to fit hedge fund strategies into UCITS III – compliant structures.

Markus started his career by working for renowned banks as Equity/Derivatives Trader and Macro Analyst. He founded Panthera Solutions in 2009 in the Principality of Monaco, using his extensive sell-side know how for now advising professional investors. He is a regular speaker at international investment conferences on Asset Allocation and Risk Management topics.

Markus acts as a regular commentary contributor to German/Austrian/Swiss quality media as financial markets expert. He also teaches the courses „Portfolio Theory & Alternative Assets“ and „Investment Banking“ at the International University of Monaco, the latter also at the Danube University in Austria.