Professor of Finance
Marc Chesney is Full Professor of Finance at the University of Zurich and has been an SFI faculty member since 2006. Prior to his appointment in Zurich, he was a professor and the associate dean at HEC Paris. Prof. Chesney’s papers have been published in the leading academic journals of quantitative finance. He also writes regular op-eds on topics such as environmental finance and ethics in finance.
His main research interests lie in quantitative finance and environmental finance.
One of Prof. Chesney’s latest co-authored research papers studies the role of investment advisors in sustainable investing (SI). Three main learnings stem from the researchers’ quantitative analysis, based on data collected from three Swiss banks. First, advisors’ expectations regarding the returns of SI have a strong effect on their activity in communicating about SI. Second, asymmetry appears regarding which aspects matter for advisors in terms of decision making compared to what matters for investors; advisors seem to neglect both risk issues and ethical aspects. Finally, advisors that see SI as an overly complex topic seem to simply refrain from discussing SI. In terms of policy implications, it seems that investors might be an important barrier to sustainable development.