Peter Løchte Jørgensen

Staff portrait: Peter Løchte Jørgensen

Peter Løchte Jørgensen is professor at the Department and is head of the Finance and Econometrics Section.

How long have you been employed at the Department of Economics and Business Economics?
I try to avoid telling people that I am employed at a department with such a long name. I usually say that I have been with AU and/or ASB for almost 25 years except for a single academic year with CBS in 2005/2006. To be more precise, I will celebrate my 25 year anniversary as a government employee on March 1st, 2016. I expect to receive a golden watch on that occasion. Rolex, preferably.

What is your background?
I was born in 1967 and I consider growing up without contact with my father but with lots of love from my mother in a tough and poor neighborhood in a Copenhagen suburb the most important part of my background. But you are probably more interested in the fact that I hold a master's degree in mathematical economics from AU from 1991 and a PhD degree in finance from ASB from 1994.

What are your main areas of research?
When I look at my list of publications it seems that I have worked with many different aspects of continuous time finance. Most of my papers have been inspired by real world problems; quite a few of them in fact sprung out from consulting projects for the financial industry. I have for example applied financial derivatives pricing techniques in contexts such as shipping, executive stock options, and life insurance and pension product valuation and risk management.

What research projects are you working on at the moment?
I could tell you, but then I'd have to kill you... No seriously, for about a year I have been chairing a committee (an “ekspertgruppe”) with the task of advising the government on certain aspects of banking regulation and capital requirements for credit institutions. Charlotte Christiansen is also a member of the committee, by the way. I thus spend most of my research time studying literature on banking regulation and the like. We are supposed to hand in our report in November. I hope that at some point I can spin off a research paper from this work, but it is still too early to say.

What are you involved in teaching-wise at the moment?
I will teach “Financial Risk Management for Real” in the Fall. The subject fits well with my own research interests, cf. above. The last part of the course title is meant to signal that the course focuses on subjects of practical relevance.

Are you planning to take part in any conferences or the like abroad in the near future?
I do not have any specific plans for “classic” conference participation in the near future. So the best that I can come up with here is that I have just booked a ticket to New York city in mid-November where I will attend a seminar on the US and Chinese Economies organized by Danske Capital. I do not have active duties at the seminar, but will listen to speakers from e.g. the Fed, IMF, NYU, Yale Univ. and from some investment banks as well.

Are you expecting any visiting researchers from abroad in the near future (or have you had any visitors from abroad recently)?
Again, not in the near future. But I regularly collaborate with research groups at the University of Erlangen-Nuremberg and at the University of Barcelona. I have visited them both several times, and I hope to be able to invite some of these people to Aarhus soon.

Are you cooperating with researchers from other departments at AU at the moment?
No.

What do you do when you are not at work?
Weekends are currently mainly reserved for spending time with my cool wife who works for the Ministry of Higher Education and Science in Copenhagen. During the weekdays I have a sweet teenage daughter to take care of. But apart from that, I kind of enjoy doing maintenance work on my house. Right now I am renovating my garage. My favorite relaxing moments involve watching good movies or Real Madrid's soccer games. I also enjoy studying the games of the Norwegian chess genius, Magnus Carlsen - often live on e.g. chess24.com.

Please give us your suggestion for the next department staff member to be presented:
Torben M. Andersen

What specific supplementary question would you like him or her to answer?
Is there a limit for your patience with politicians?

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