Thomas Stephan is a Managing Director and with his team responsible for the research of development of risk management overlay strategies (in an asset-only and in liability driven setting) at risklab and Allianz Global Investors. Further he is a professor at Goethe-University Frankfurt am Main, lecturing on Modern Portfolio Management.With over 20 years of investment experience, Thomas Stephan is passionate about applying scientific insight and state-of-the art technology for helping clients achieve their long-term financial goals. He played a key role in the successful establishment of a quantitative research and portfolio management effort at DIT and Dresdner Asset Management and later at Allianz Global Investors. Thomas Stephan together with his teams created and managed a number of highly successful systematic investment strategies in the field of equity portfolios, fixed income portfolios, and multi asset portfolios. For equity portfolios, an innovative approach to style investing was developed and highly successfully managed since 1999. For multi asset portfolios, proprietary approaches to dynamic and tactical asset allocation have been developed and successfully applied to a large number of mandates. The continued growth in assets and the economic success of the team is based on a devotion to cutting-edge research and on the intensive dialogue with institutional clients. Prior to joining the firm, Thomas worked as research assistant at Mannheim University. He obtained a Master’s degree in Business Administration in 1992 and a doctorate from the same institution in 1995. He has written articles about strategic and dynamic asset allocation including option strategies, multi-factor equity risk models, and the construction of a real-estate-fund index. In addition to regularly lecturing at Goethe-University, Thomas Stephan also lectured for the “Certified International Investment Analyst” program of the DVFA.