You’ve moved through almost every side of finance – academic, beginning with your doctorate here in St. Gallen, then McKinsey adviser, investment banker at Deutsche Bank, private-equity partner at EQT, and now run the infrastructure beneath all of it. Looking back, what is the through-line? The starting point was a passion for finance. That’s something that I acquired while I was in St. Gallen. At the time, modern finance was very new. Banking studies consisted of institutional expertise and not of Black-Scholes and the modern rules of Sharpe and others. That only started at the end of the 80s. St.