Banking, Finance and Compliance

Prof. (FH) Dr. Tamás Csermely, MSc

Director of Studies International Management and Leadership & Banking, Finance and Compliance, Member of the Council

Tamás Csermely gained his PhD in operations management and logistics at the University of Vienna where his research focused on behavioral decisions in supply chain- and economics-related settings. In addition, he has attended Indiana University Bloomington and he has received the Scholarship of the Hungarian Republic 4 times. He has published several articles in scientific and professional journals and his research has also been featured in Die Presse. He is an affiliate of the Microeconomics of Competitiveness Network at Harvard Business School and he has participated in several renowned conferences and held talks at the Universities of Oxford, Toronto, Cornell and Shanghai. When it comes to teaching, he is a devoted advocate of gamification, experience- and case-study-based methods. He also serves as a peer reviewer for the Journal of Economic Behavior and Organization (JEBO) and the Journal of Business Economics (JBE). In 2018, he was bestowed as Professor of the Lauder Business School.

Professionally, he used to work in the Emerging Markets/Quantitative Research/Asset Allocation division of Raiffeisen Bank International and also as a research and teaching associate at the WU Vienna during his early career. In 2015, he was appointed Head of Procurement at Quantoras, an Austrian technology-based consulting company, where he became responsible for managing the purchasing team, leading dozens of large-scale supply chain projects and also for the company’s strategic direction.  Before having been appointed as the Director of Master Studies at the Lauder Business School, he made a name for himself on saving 14.2% on average in several branches (base chemicals, metals, automotive, textile, pharmaceutical, foundry, construction, etc.) for the company’s clients – which were world market leaders in their segments in several cases. He also proved his stress resistance by answering 10 questions correctly in the ‘Who Wants To Be a Millionaire’ TV show.

Selected Publications

    Zvia Dem

    Academic Coordinator


    • Information management of all academic issues
    • Management and handling of all semester schedules
    • Organisation and supervision of retake and commission exams

    Dr. Johannes Asel LL.B. (WU), MIM (CEMS)

    Johannes Asel  works for Oesterreichische Nationalbank (OeNB), the central bank of the Republic of Austria, as a senior equity interests and payments manager. Previously, he was a Postdoctoral Researcher at the WHU – the Otto Beisheim School of Management and a Research Associate and Lecturer at WU Vienna University of Economics and Business. He graduated with a summa cum laude from his PhD in Strategic Management and Management Control.

      FH-Doz. Mag. Dr. Donald Baillie, FRM

      Donald Baillie completed both his Master’s degree and his Doctorate in Vienna. He is also certified as a Risk Manager (GARP FRM), Analytics Professional (INFORMS CAP), Business Analyst (IIBA CBAP), Project Manager (PMI PMP), as well as a stock and options trader (Vienna Stock Exchange). Dr. Baillie has more than 20 years of experience working internationally in Banking and Finance, and is currently Managing Director of the international consulting company ifb AG, active in Finance, Risk Management and other Banking and IT topics. He has taught extensively at various universities in Austria for the past 15 years and was awarded the title of FH-Dozent for his services to academia. His publications have been in the field of banking, corporate finance, derivatives and behavioral finance.


      Selected Publications

        Dr. Stefan Bauer

        As Head of User Experience at BAWAG P.S.K. Group, Stefan Bauer is driving digital transformation of traditional banking business by developing a digital banking platform. Actually, he is the person in charge of FinTech partnerships, customer journey mapping, prototyping, app design, user experience research and innovation events (e.g. Hackathons). Furthermore, Stefan is a university lecturer at Aarhus University, University of Applied Sciences Technikum Wien, University of Applied Sciences Wiener Neustadt as well as Lauder Business School. In 2016, he received a doctoral degree in Information Systems from the Vienna University of Economics and Business. He is a certified Project Manager and was the elected chairman of the student agency of doctoral students. Moreover, he was awarded with the ERSTE Bank Prize for Research in CEE 2012. Among others, his research interests include electronic business, user experience, management of information security, corporate accelerators and digital innovation. His work has been published in top academic journals, including Data Base for Advances in Information Systems, and Computers & Security. He is currently engaged in a project researching digital transformation of the banking industry.

          Prof. Edward Bayone, MIA, MA

          Edward Bayone is the Earle W. Kazis Professor of the Practice of Finance and International Real Estate at Brandeis University. Throughout his career, he has brought strategic and financial expertise to a wide range of companies, from start-ups to multinationals. He has served in executive capacities with worldwide responsibilities and on boards for companies experiencing rapid growth as well significant change. He has established himself in the academic world as an innovative and transformational leader, responsible for the successful launch and record growth of his university’s new business major. After a 23-year career in banking, he transitioned in 2002 to academia, board service, and investment activities. As Executive Vice President and Chief Credit Officer at BankBoston and then for the combined FleetBoston Corporation, he managed credit risk on portfolios as large as $ 80 billion in loans (and $.200 billion in committed loan exposure) and had the highest signing authority in the bank. At Brandeis University, he rose from an adjunct instructor to become the inaugural holder of an endowed chair in finance and international real estate.


          In addition to teaching a range of undergraduate and graduate courses, he founded the real estate specialization and, for nine years, chaired the undergraduate business program. He is currently on sabbatical, researching the commercial real estate markets across Europe. He serves on the board of Brightwood Capital, which invests in first and second lien term loans and minority equity positions in middle-market companies. He also serves as Independent Investment Professional of offshore middle market senior loan funds managed by Churchill Asset Management, a majority-owned affiliate of Nuveen/TIAA. His prior board roles include IAP Worldwide Services, Churchill Financial, and SuperMedia. He earned a Masters in International Affairs, with a specialization in banking and finance, from Columbia University and a Masters of Arts in History from the University of Rochester.

              Drs. Aleida Bos

              Aleida Bos holds a master degree with distinction in Slavic languages and literature from the University of Amsterdam, with a specialization in Polish language and literature. During her studies, she spent an extensive amount of time abroad, receiving several scholarships for the University of Warsaw as well as the University of Vienna. Professionally, Aleida started her career at a renowned international, industrial company in Vienna, working in the field of linguistics and speech recognition. As she loves to acquire new skills and knowledge, she decided to change her career path after a couple of years. She applied for a position in the field of internal auditing, which required working and travelling in the region of Central and Eastern Europe.

              This position proved to be a decisive cornerstone for her further career, in which she gained comprehensive experience in the fields of Auditing, Credit Management, Finance & Accounting, Risk Management and Controlling. In 2009 she graduated as a certified Controller from the Austrian Institute of Controlling (Österreichisches Controller Institut). After working for several years as a Senior Controller and Head of Controllling in an Austrian banking institution, she decided to start her own company. In Spring 2016 she founded BOS-Controlling, offering controlling services for start-ups, small and medium-sized enterprises, as well as interim management and management consultancy for large companies.

              She has a track record in introducing and implementing controlling in small and medium-sized enterprises, as well as in revising existing controlling processes and IT-systems in large companies. She strongly propagates the concept and benefits of lean and accurate controlling. In Aleida’s opinion, good controlling serves as a compass – supporting and enabling the Executive Board and management to take the right decisions and follow the best course on the way to sustainable results and financial success.

                Dr. Mag. Georg Behm

                A graduate of Copenhagen Business School and the Vienna University of Economics and Business, Georg Behm started his career in Finance, Performance and Treasury Management at Accenture and Schwabe, Ley & Greiner. At present he is Managing Director at Vienna-based NEROM & Partner, an M&A and corporate finance advisory, which he co-founded in 2011. Furthermore, he acts as a Generally Sworn and Court Certified Expert in Valuation and Business Planning, and teaches finance subjects at several universities of applied sciences.

                  Prof. (FH) Dr. Pablo Collazzo-Yelpo, MBA

                  Pablo Collazzo-Yelpo has an extensive academic and professional experience in the sustainable competitiveness and strategic leadership fields. He is currently Professor at the Vienna University of Economics and Lauder Business School. A former Rector of Universidad del Pacífico in Ecuador, he was also Chair of the Institute for Responsible Competitiveness at Nyenrode University in the Netherlands. Prior to that, he was Director of Academic Affairs at the European Academy of Business in Society in Brussels, after an international career in investment banking. He serves as board member to profit and non-profit organizations and is Senior Advisor on Sustainable Competitiveness to the United Nations Industrial Development Organization.

                  His academic background is in law and economics, with graduate studies at Boston University (MBA) and ESADE (PhD). His teaching, research and consulting are on strategy, sustainability and leadership. He is an Affiliate Faculty and Council Chair of the Competitiveness network at Harvard Business School, holds teaching appointments at Universidad Carlos III (Spain), the University of St. Gallen (Switzerland) and NIDA (Thailand), and is a regular speaker to diverse audiences on the interplay of competitiveness, sustainability and leadership.

                  Selected Publications

                    Harrison Epstein, MA

                    Harrison Epstein serves as a private banking financial advisor at Raiffeisenbank in Vienna. His team specializes in advising international clients and offers a full range of financial services including securities investments, loans, financial planning, insurances as well as cash management and treasury services. His clients stem from around the globe and include high net worth individuals in addition to diplomats based in Austria. His team also manages the institutional accounts of a number of the international organizations that reside in Vienna. He obtained his B.A. at Occidental College in Los Angeles and his M.A. at Hertie School of Governance in Berlin with a specialization in economic policy. He is a recognized member of the Phi Beta Kappa honor society.

                      Mag. Dr. Katharina Götsch

                      Ms. Götsch studied at the Universities of Innsbruck and Vienna and holds a PhD in Political Science. After internships at the Austrian Embassy in Washington, DC and the International Organization for Migration (IOM Vienna), she started working in social research. She participated in several national and international R&D projects including a FP7-EU project with nine European partners. In 2014, she moved on to work at the University of Vienna as Project Coordinator and Postdoc. Since 2014, Ms. Götsch is teaching research methods and introduction courses at the University of Vienna, the University of Applied Sciences BFI Vienna as well as the Lauder Business School.

                        Prof. (FH) Dr. Armin J. Kammel, LL.M. (London), MBA (CLU) Ehrenprofessor (Donau-Universität Krems)

                        Prof. (FH) Dr. Armin J. Kammel is an interdisciplinary lawyer specialized in (international) banking law, securities regulation and business law. He holds degrees in both law and business administration from prestigious universities in his native Austria and abroad.

                        Prof. (FH) Dr. Kammel has more than ten years of experience in the financial services industry working as Head of Legal & International Affairs with the Austrian Association of Investment Fund Management Companies (VÖIG) and serving on the Board of Directors of both the International Investment Funds Association (IIFA) and the European Fund and Asset Management Association (EFAMA).

                        Dr. Kammel is Professor (FH) of Banking Law and Securities Regulation at Lauder Business School (LBS), Vienna, Austria. Moreover, he has been Ehrenprofessor (Honorary Professor) and Faculty Member as well as Program Coordinator (LL.M./MLS in International Banking Law and Capital Markets) at Danube University Krems (DUK), Austria. In addition to this, Dr. Kammel has also been lecturer with numerous prestigious institutions in the U.S., the UK, Austria, Switzerland, Ukraine or Thailand.

                        Prof. (FH) Dr. Kammel is the Co-Editor-in-Chief of the new Research Perspectives series on “International Banking and Securities Law” with BRILL Publishing in Boston, MA and Co-Editor of the most traditional commentary on “BWG and CRR” (Austrian Banking Act and CRR) as well as an innovative book series on “Vertragsrecht and Vertragsgestaltung” (contract law and contract design) in Austria.

                        Prof. (FH) Dr. Kammel’s research interests are primarily in the areas of (international) banking law, securities regulation, financial law, corporate law and business law. Moreover, the economic analysis of the law and economic theory are also included in his research activities.


                        Further Information regarding education, publications, etc:


                        Selected Publications

                          Mag.rer.nat Sebastian Körber, PGCHP

                          Sebastian Körber is a serial entrepreneur based in Austria and Colombia. Originally he graduated from the University of Vienna with a master’s degree in Psychology and afterwards underwent a postgraduate in Clinical Psychology. After this he emigrated to South America, working in a Peruvian jail or in a re-socialization programs for guerillas in Colombia. There he encountered the focus of his work, fear.
                          His main business is being a leadership trainer and keynote speaker for high executives.  His style is tough and very direct, often painful. He’s a co-founder of an IT company in Hungary, that focuses on feedback tools. His company in Colombia focuses on expansion-consulting and on-boarding of executives to Latin American subsidiaries. Once a year he gathers together adrenaline-seeking executives in Medellin-Colombia and makes them emotionally composed under any circumstances.
                          Applying successful strategies dealing with fear to leadership made him an expert in Change  Management. He has impact through clarity.
                          Sebastian is teaching at several universities in Europe and America. His working languages are German, English and Spanish.

                            Ing. Mag. Robert Kotal CFP®EFA®

                            Robert Kotal has occupied numerous positions at Raiffeisen, firstly as Project Leader there, then as Product Manager of Capital Markets and Pension Provision Products and, finally, as Deputy Compliance Officer (a position which he still occupies). He has his Masters in International Business Administration from the Vienna University of Economics and Business and has many certifications relating to compliance and the provision of financial advice.

                              Dr. Barbara Neiger, MA, MBA

                              Barbara Neiger has a PhD in Law (Vienna) and a MBA from the Vienna University of Economics and Business. In addition, she holds a Masters in Anti-Corruption and is also a Certified Compliance Officer. She is now Lead Auditor for Compliance Management Systems and a Managing Partner of the International Anti-Corruption Resources group (which she also co-founded) as well as being Head of the Austrian delegation to the ISO Project Committee for the development of an international anti-bribery management systems standard. Previously, she worked as CEO at the Volksbank Slovensko and as Deputy CEO at the Calyon Bank (the Czech Republic). She has published extensively on compliance and, also, corruption.

                                Dipl.-Betriebsw. ANDREA NOWAK-MANN

                                After her studies in France (Paris-Dauphine University) and Germany (Duale Hochschule Stuttgart), Andrea Nowak-Mann worked successfully in several audit and advisory services firms in Germany and France for over a decade. At present she is Head of Reporting at the largest Austrian advertising and marketing company, Gewista Werbegesellschaft m.b.H. During her 7 years career in the JCDecaux Group on both the corporate and regional management level, Andrea gained a firm understanding of finance, controlling and treasury matters. She has also in-depth knowledge of corporate social responsibility issues and is a member of the UN Global Compact and UN SDGs expert panel in Austria.

                                  Hon. Prof. (FH) Mag. Dr. Regina Oppitz-Pfannhauser

                                  Regina Oppitz gained her PhD in Commercial Sciences and Business Administration at Vienna University of Economics and Business and studied post graduate at Miami University, Ohio, USA. She was awarded the Sallinger Award of the Austrian Chamber of Commerce for her master thesis.

                                  She is the Managing Director of Kompetenz & Mehr, a consultancy company specializing in in-house and pubic training and coaching. She is a lecturer at Danube University Krems and at the Universities of Applied Sciences (UAS) IMC Krems, UAS Chamber of WKW-Wien, UAS BFI Vienna, UAS Joanneum Graz, UAS Oberösterreich, New Design University and Lauder Business School, as well as the University of Commerce Hanoi.

                                  Regina began her career as a research and teaching associate at the Vienna University of Business and Economics and has worked in international finance as Senior Portfolio Manager of International Project- and Structured Finance, Head of Capital Markets Bank Austria, CFO at ASFINAG.

                                      Márta Pataki, M.Sc.

                                      Márta Pataki is an entrepreneur, independent trainer and coach. She is co-founder at, an online feedback platform to support self-development in organisations. She entered the entrepreneurial scene after an international career in the real estate sector. She held various senior management positions at Immofinanz, CBRE, TriGranit and C&W with a focus on CEE countries. She got fascinated by the human side of the business and is now deeply engaged in finding keys to leadership. Her business is based in Vienna and Budapest. She holds a first class degree in Business Studies from Oxford Brookes University and an MSc in Real Estate from Nottingham Trent University.

                                        Mag. (FH) Thomas Pichler, Swiss CPA

                                        Since 2014 Thomas Pichler is an independent member of the Austrian Financial Reporting Enforcement Panel (AFREP). He is a Swiss Certified Public Accountant specialized in financial services focused on the banking industry. He holds a Magister diploma degree in Controlling & Finance from the Salzburg University of Applied Sciences in Austria. He has gathered over 14 years of credit risk and several years of audit experience working for different international enterprises. He worked in managerial positions providing audit and advisory services to financial institutions within PwC Zurich (Switzerland), PwC Sydney (Australia) and Deloitte Vienna (Austria). He has published on credit risk, international accounting and controlling and is lecturer at several different educational institutions.

                                          Prof. (FH) Dr. Hanno Pöschl, MSc, MBA

                                          Hanno Pöschl gained his PhD in Business Administration and Economics from the University Trier/GER and holds Master degrees in International Finance and Accounting as well as Business Administration (MBA) from the OUBS/UK and is a Certified International Controller. Before joining Lauder Business School/AUT in 2014 he has been Research Professor for Strategic Management and Corporate Finance at Webster University/US since 2008, where he also served as area coordinator for Business administration and Management. He holds/has held positions as lecturer at prestigious English, American and Austrian Universities, where he teaches/taught Strategic Management, Corporate Finance as well as Accounting and Controlling courses at Bachelor and Master level in the UK, Italy, Germany, Switzerland and Austria. He serves/served as Senator of the faculty senate, member of the Council, member of scientific advisory boards and as standing member in examination boards. In his most recent publication “Strategische Unternehmensführung zwischen Shareholder-Value und Stakeholder-Value“ at Springer/Gabler, he challenges reductionist management approaches built upon the sole goal of shareholder-value creation and proposes a systemic-coevolutionary model of strategic management on the basis of an obliged management philosophy towards a sustainable stakeholder value based strategic management.

                                          He has also been involved in corporate training at C-level for international companies in various sectors. Before entering his academic career he accumulated senior management position experience in the private sector, public administration and in politics as Member of Parliament.

                                            Dr. András Puskás, CAIA

                                            András has been working in finance for over ten years in both advisory and principal investment roles. He started his career in London at the TMT investment management team of Macquarie, the largest global infrastructure investor worldwide. Currently he works in the Corporate Finance advisory team of Credit Suisse in Zurich, focusing on M&A transactions across Europe. He has a JD in Law and a Masters in Business and is also a Chartered Alternative Investment Analyst (CAIA).

                                              Dr. Alexander Rabas, MSc

                                              Alexander Rabas studied Statistics and Economics at the University of Vienna, and finished his PhD in the field of Behavioral Economics. Among his research topics are statistics, risk management, game theory and gender models in the labor market. Currently he is employed as a data analyst at Win2Day Holdings.

                                                Dr. Verena Régent

                                                Verena Régent studied Sociology and Socio-Economics at the Universities of Linz and Helsinki.  She earned her Doctor’s degree at the JKU Linz with a dissertation about the EU migration and asylum regime and its compatibility with Human Rights. Until 2009, Verena worked as Young Professional at the Permanent Mission of Austria to the United Nations in Geneva and in the Austrian Foreign Ministry. As of 2010, she has been working as research manager and researcher at the Max Planck Society in Munich and a small research oriented Viennese enterprise.  Before joining LBS, Verena was working for a consulting company supporting research institutions in acquiring project funding (in particular Horizon2020). Moreover, she has been teaching research methods and project management at the Universities of Applied Sciences Vienna and Eisenstadt since 2013.

                                                  Dr. Christian Reiner

                                                  Senior Researcher

                                                  Christian Reiner studied economic geography, history and economics at the University of Vienna and the University of Salzburg. He has a doctoral degree in economic geography (University of Salzburg) and experience in basic and applied empirical economic research (Vienna University of Economics and Business, Joanneum Research, Institute for Advanced Studies). Christian Reiner works as a senior scientist at the Lauder Business School and as a lecturer in economics, economic geography and statistics at the University of Vienna, Modul University Vienna, University of Applied Sciences BFI Vienna and the FHWien University of Applied Sciences of WKW. His fields of interest include regional economics and industrial organization. Mr Reiner’s research has added insights to the following topics: Structural change, growth policy, innovation, human capital mobility, industrial policy, green growth and policy evaluation.


                                                  Publications and Presentations


                                                  LBS Research

                                                    Mag. Thomas Scheiber

                                                    Thomas Scheiber is an economist at the Austrian National Bank’s Economic Analysis and Research Department. Before that he worked as an External Lecturer at the University of Innsbruck. He took his Masters in Economics from the University of Innsbruck and studied a postgraduate program in Quantitative Economics at the Institute for Advanced Studies (IHS). He has published extensively on such subjects as Euroization, Trust, and Monetary Economics.

                                                      MMag. Christian Schindler

                                                      Christian Schindler works at Oesterreichische Nationalbank (OeNB), the central bank of the Republic of Austria. He is in the Off-Site Supervision Division for Significant Institutions and a member of a Joint Supervisory Team with the ECB. Previously, he was a Financial Institutions Analyst at Fitch Ratings Ltd., VTB Bank (Deutschland) AG, and Raiffeisen Bank International AG. He graduated in International Business Administration at the Vienna University of Economics and Business and in History at the University of Vienna.

                                                        DR. MICHAEL SCHOENHART, MBA, MSC, CFA, FRM

                                                        Michael Schoenhart has an extensive research and teaching background in financial management, artificial intelligence, and agent-based computational economics, as well as many years of professional experience in the quantitative investment industry. He gained experience in investment banking, as a portfolio manager, and founded a data science company. He holds a PhD in Natural Sciences from the University of Vienna, an MSc Finance degree from UBC, Canada, and is a FRM and CFA Charterholder.

                                                        In 2015 he joined the Supervision Policy, Regulation and Strategy Division of the Austrian Central Bank. His primary responsibilities are quantitative analysis and engineering of tools related to national and EU-wide banking stress tests.

                                                        Furthermore, he is the author of two books and several publications in the field of agent-based economic modelling, quantitative investment management, and behavioral finance.


                                                        Selected Publications

                                                          Mag. Gerald Siegmund

                                                          Gerald Siegmund has had a lengthy career in banking. He has been Head of Fixed Income at BAWAG and then Head of Credit Derivatives and Repos Trading at the same institution. After that, he took up a position as Treasurer and Head of Correspondent Banking at Bank Winter and he is now the CEO of FAME Investments. He has also taught extensively, both at the Vienna Stock Exchange and at the Johannes Kepler University, Linz. He has his Masters in Law.

                                                            Dr. Michael Sigmund

                                                            Michael Sigmund is a Senior Analyst in the Financial Stability and Macroprudential Supervision Division in the Central bank of Austria (Österreichische Nationalbank). After studying economics and business administration at the Vienna University of Economics and Business Administration and at the University of Texas in Austin, he was accepted at the Vienna Institute for Advanced Studies for a PhD program in Economics. Upon obtaining his PhD in economics, he joined the central bank of Austria in 2008. His special research fields are micro econometrics, stress testing, the industrial organization of banking and the effects of regulation on banking behavior.


                                                            Selected Publications

                                                              Mag. Ron Slomovits

                                                              Ron Slomovits has established Rating Advisory after twelve years of professional experience in the industry; Supporting capital markets participants with tailor-made solutions for credit ratings, especially in optimizing the ratings issued for international entities (regional government and bank ratings); Has gained extensive experience at the credit rating agency Standard & Poor’s, in the department for Sovereigns/International Public Finance; His portfolio covered international ratings for Austria and Germany; Prior to that he has gained many years of experience in the field of European banking analysis and stress testing; Holds a Master’s degree from Vienna University of Economics and Business.


                                                                Dr. Mag. Christin Vallinkoski, MA

                                                                Christin Vallinkoski studied Political Science, Communication Science and Literature in Austria and England. She holds a master degree with distinction in Communication Science from the University Vienna and a master degree with distinction in Literary Studies from the Faculty of Arts and Sciences at OU/England. She earned her PhD with distinction under the supervision of Prof. Dr. Eva Kreisky at the institute of Political Science with a dissertation about the role of literature between the poles of critical political awareness and state-constitution as well as state-support in authoritarian political systems. She works/worked as an expert advisor and scientific assistant in public administration and several university settings, as a journalist and author. She has published several short stories in anthologies like West-Östliche Diven (DTV) and En Detail (Holzhausen).