Rate My Professor Johannes Karbe-Muhle

Johannes Muhle-Karbe is the Head of the Mathematical Finance Section and Chair in Mathematical Finance in the Department of Mathematics at Imperial College London, positions he has held since June 2020 and January 2019, respectively. He also serves as Director of the CFM-Imperial Institute of Quantitative Finance since January 2019 and Co-Director of the Imperial Centre of Excellence for Quantitative Finance since January 2025. Prior roles include Adjunct Professor at Carnegie Mellon University from June 2020, Associate Professor with tenure at Carnegie Mellon University from September 2017 to May 2020 and at the University of Michigan from January 2016 to August 2017, Assistant Professor at ETH Zürich from October 2010 to December 2015 (also Member of the Swiss Finance Institute from June 2012), Postdoctoral Research Fellow at Universität Wien from October 2009 to September 2010, and Teaching Assistant at TU München from October 2006 to September 2009. He earned a Ph.D. in Mathematics from TU München in April 2009 (advisor: Jan Kallsen) and a Diploma in Mathematics from the same institution in September 2006.

Muhle-Karbe's research focuses on mathematical finance, stochastic processes, and stochastic optimization. Key publications include "Stochastic liquidity as a proxy for nonlinear price impact" (with Zexin Wang and Kevin Webster, Operations Research 72(2): 444–458, 2024), "Closed-loop Nash competition for liquidity" (with Alessandro Micheli and Eyal Neuman, Mathematical Finance 33(4): 1082–1118, 2023), "A Leland model for delta hedging in central risk books" (with Zexin Wang and Kevin Webster, Mathematical Finance 33(3): 504–547, 2023), and forthcoming works such as "Hedging of fixing exposure" (with Roel Oomen and Benjamin Weber) and "Optimal contracts for delegated order execution" (with Martin Larsson and Benjamin Weber) in Mathematical Finance. He has received significant funding, including EPSRC projects on Pathwise Hedging (2021–2022), Closing Auctions (2021–2025), and Robust Out-of-Sample Performance (2021–2025), as well as grants from Deutsche Bank (2023-2027), Qube RT (2023-2026), and Nomura (2019–2023). His Ph.D. thesis "On Utility-Based Investment, Pricing and Hedging in Incomplete Markets" was awarded the Förderpreis of the Fachgruppe Stochastik of the German Mathematical Society in 2010 and the inaugural Nicola Bruti Liberati Prize of the Bachelier Finance Society in 2012; his Diploma thesis earned a main prize at the 2007 student conference of the German Mathematical Society. He is an Associate Editor for Annals of Applied Probability, Applied Mathematical Finance, Frontiers in Mathematical Finance, International Journal for Theoretical and Applied Finance, and Mathematics and Financial Economics, and has held roles such as Director of Enterprise in Imperial's Department of Mathematics (2019-2024) and member of promotions and impact committees since 2019.