Asset & Risk Management

Closely in touch with the latest practices in portfolio management and financial risk management, the Finances Department of HEC-ULg Management School has founded the "Center for Asset and Risk Management (CARM)".
The center runs an applied research program focusing on practical applications for education and the professional community.
The cornerstone of the Center's approach to developing its research program is the way in which it crosses scientific research with the identification of the financial sector's real needs. This means that research teams combine solid academic training with strong, permanent contacts with the world of banking and asset management, not only in Belgium but also in Canada, the United Kingdom, the Netherlands, France and Luxemburg. More particularly, each of CARM's full-time team leaders holds a chair – KBL Chair in Fund Industry, Ethias Chair in Asset and Risk Management and Deloitte Chair in Portfolio Management and Performance. This triple partnership guarantees a perfect interconnection with the business world.
Such proximity allows every CARM member or associate to contribute actively to producing solutions which respond or will respond to the needs, either expressed or anticipated, of their partners in the financial world.
The tradition of excellence in teaching at HEC-ULg's Management School, as well as its driving role in regional development also result in a commitment to excellence in research through the activities of CARM. As concerns teaching and training, CARM instigated the creation of a virtual marketplace placed under the responsibility of the Center's members. The PWC Trading Room, unique within the Francophone Community, constitutes the basis for teaching the market approach in finance.
CARM's contribution to the economic life of the region takes multiple forms. Teaching staff attached to the Center are all involved in several permanent education programs in the fields of asset and risk management, either in business or in the context of professional certification (CFA, CAIA, FRM…) both in Belgium and abroad. The jewel of this commitment is symbolized by the creation and development of Gambit Financial Solutions, a financial technology business created within HEC-ULg Business School specializing in the fields of investor profiling, portfolio optimization and risk management.
Contacts
![]() |
Danielle Sougné - danielle.sougne@ulg.ac.be |
![]() |
Georges Hübner - g.hubner@ulg.ac.be |
Find every member of this Peak of Excellence:



