Modules SS 2025

In this course, student groups work on solving a current and relevant practical problem in finance. The problem is provided by a project owner, typically a financial services company or a faculty member with practical experience. Students will apply complex theoretical concepts to develop a satisfying solution to the given problem.

  • Group project work
  • Practical problem-solving in finance
  • Collaboration with project owners
  • Application of theoretical concepts
  • Final project report preparation
  • Risk modelling
  • Strategical and tactical asset allocation
  • International diversification
  • Forecasting moments of asset returns
  • Foreign exchange rate risks and management
  • Portfolio management
  • Performance analysis
  • Behavioural finance
  • Dividend policy
  • Company valuation
  • Legal and tax issues in financial decisions
  • Current and past developments in sustainable finance
  • ESG data, data providers and materiality
  • Environmental and social impact
  • Channels of action: primary and secondary market, direct investments, real estate, politics
  • Tools of action: positive and negative screening, ESG integration, proxy voting and engagement, green bonds and loans, political influence
  • Regulatory frameworks and initiatives
Master students have the opportunity to take part in educational journeys to the world’s most important financial centres. Taking place
> Review of Portfolio Theory and Asset Pricing
> Extensions of the CAPM
> Empirical confirmation/rejection of the CAPM
> Stock Market Anomalies
> Multi-Factor Models
> Investment Strategies
> Performance Evaluation
> Portfolio Execution, Monitoring, Rebalancing and Costs
  • Smart Contracts
  • Token Valuation
  • Crypto Exchanges
  • Tokenization of services and other goods
  • Trade Finance with Blockchain
  • InsurTech, PropTech and Social Trading
The content of the course is the analysis of different business models/case constellations at the interface of different competing areas of financial market law, such as banking supervision, asset management and payment services as well as e-money. In addition, reference is made to Liechtenstein's current blockchain regulation.
Furthermore, in the area of asset management, current regulatory developments, such as in the area of sustainable asset management, will be discussed.
  • Introduction to Private Wealth Management, Estate and Succession planning
  • Structuring and Governance of Wealth and Wealth Management Structures
  • International Wealth Tax Management of UHNWI with Wealth Structures
  • The Liechtenstein Wealth Management Centre and other Wealth Management Hubs: BM, BS, CH, SG
  • International asset protection, family office and next generation issues
  • Onboarding of Private Clients (UHNWI) with Wealth Structures: Input Statements by banks & trustees
  • Case studies on International Wealth Management: Input Statements by banks & trustees
  • CFA level III: Topics in Private Wealth Management
  • Introduction to taxation of individuals and legal entities in selected jurisdictions: FL, AT, CH, DE
  • Application of Double Tax Treaties, Exchange of Information and Mandatory Disclosure Obligations
  • National and international taxation of Wealth Structures incl. their Settlors and Beneficiaries
  • International Tax Planning and Investment Hubs: CH, FL, HK, IRL, LU, SG
  • International Wealth Tax Management of UHNWI with Wealth Structures
  • Onboarding of Private Clients (UHNWI) with Wealth Structures: Input Statements by banks & trustees
  • Case studies on International Tax Planning of Private Clients (UHNWI) with Wealth Structures and Investments in Participations, Private Equity, Financial Instruments, Real Estate and Tangible Assets
  • CFA level III: Topics in Private Wealth Management
  • Introduction to International and European Tax Policy and Tax Standards
  • Principles of national and international taxation of individuals
  • Introduction to taxation of individuals and legal entities in selected jurisdictions: FL, AT, CH, DE
  • Application of International Double Tax Treaties to individuals and legal entities
  • Application of Exchange of Information and Mandatory Disclosure Obligations under EU-DAC 6
  • International Tax Planning, Investment and Wealth Management Hubs: BM, BS, CH, HK, IRL, LU, SG
  • Input Statements by Liechtenstein financial service providers
  • Case studies: International Tax Planning of individuals and legal entities incl. MNE (Apple, Nike)
  • Identification of a research problem and development of a research questionThematically formulating a problem and developing a solution through application of - scientific methods Independence in handling a research problem determined in the course of an assessment.Discussion with the advisor about methodological and content issues in solving a research - topic.Completion of a comprehensive assignment where the students deal with a theoretical or - practice-oriented problem in their field of specialisation by drawing on scientific work methods. Completion of presentation documentation on a research problem within their specialised - field. Defense of the elaborated research topic and in-depth discussion with the examination board.