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- Major Financial Services

by appointment
Teaching at THM since 2003.
Current modules: Asset management and planning, insurance studies.

Office hours by appointment; please send me a short email stating the topic or speak to me personally during the lecture break.
Current research:
(0) Preprints:
- Measuring Bell non-locality in the presence of signaling (March 1, 2026) http://arxiv.org/abs/2603.00984
(1) International publications with peer-review process:
- Widdows, D., Pothos, EM, and Gallus, C. Understanding Connections Between Market Price Liquidity and Volatility: Can Quantum-Inspired Models Help? Quantum Economics and Finance, 2026.
https://doi.org/10.1177/29767032261444324
- Zarifian, A., Gallus, C., Overbeck, L., Pothos, EM and Blasiak, P. Using Bell violations as an indicator for financial market crisis. The Journal of Finance and Data Science, 2025. https://www.sciencedirect.com/science/article/pii/S2405918825000169
- Gallus, C., Pothos, EM, Ebelt, Z., Skouteris, D., and Blasiak, P. Probability Updating in the Classical and the Quantum Model. Quantum Economics and Finance, 2024. https://doi.org/10.1177/29767032241292040
- Blasiak, P. and Gallus, C., Phil. Trans. R. Soc. A, 2024:
https://royalsocietypublishing.org/doi/10.1098/rsta.2023.0005
- Gallus, C., Blasiak, P. and Pothos, EM, Entropy 2023, 25, 824: https://www.mdpi.com/1099-4300/25/5/824
- Gallus, C., Pothos, EM, Blasiak, P., Yearsley, JM, and Wojciechowski, BW, Scientific Reports 2023, 13, 4394: https://www.nature.com/articles/s41598-023-31441-x
- Gallus, C., Blasiak, P. and Pothos, EM, Entropy 2022, 24 (3), 364: https://www.mdpi.com/1099-4300/24/3/364
- Blasiak, P., Pothos, EM, Yearsley, JM, Gallus, C. and Borsuk, E., PNAS 2021, 118 (17): https://www.pnas.org/doi/10.1073/pnas.2020569118
(2) German-language introduction, published as volume 16 in the THM university publications: http://digdok.bib.thm.de/volltexte/2021/5382/
CV:
| Period | Task |
| 1989 - 1994 | Studied mathematics in Erlangen and Cambridge |
| Feb 1996 | Promotion to Dr. rer. nat. at the Friedrich Alexander University of Erlangen-Nuremberg |
| 1995 - 2004 | Deutsche Bank AG: Quantitative research and trading responsibility in the derivatives area, most recently as Managing Director. |
| 2005 - 2016 | Deutsche Bank AG in Frankfurt and London: European structuring business in the area of corporate banking & securities. |
| since October 2016 |
THM in Gießen: Professor with Major in financial services in the economics departement Ritsumeikan University in Kyoto / Osaka: Visiting Senior Researcher (上席研究員/ jōseki-kenkyūin), April - June 2024 |

Appointments can be arranged individually. Please send me an email (with a suggested date and topic for the conversation). The discussions will take place via Zoom or telephone until further notice.
Publications
"A Perspective on Resilient and Sustainable Financial Strategies for SMEs", in Durst, S.; Henschel, T. (Ed.): Small and Medium-Sized Enterprise (SME) Resilience - Strategies for Risk and Crisis Management (2024), Springer, pp. 167 - 180, ISBN 978-3-031-50835-6.
"The impact of the COVID-19 pandemic on the German banking industry - a critical analysis of regulatory easing for banks", Managerial Economics 22 (02), pp. 95-112, together with Hastenteufel, J. and Eschenröder, M.
“The effects of the Covid-19 pandemic on the German banking sector - A critical analysis of the supervisory relief for credit institutions”, BankPraktiker 11/2021, pp. 385-391, together with Hastenteufel, J. and Eschenröder, M.
“SME lending relationships: A learning perspective”, The International Journal of Entrepreneurship and Innovation 17 (3), 2016, pp. 184-193, together with Henschel, T.
“Learning in SME Financing – A German Case”, together Henschel, T., in: Tegtmeier, L., Sandner, P,. (Ed.): Merseburger Writings on Corporate Management Volume 16, Shaker Verlag, 2016, pp. 121-142, ISBN978-3-8440-3745-6
“Credit Guarantees in SME Finance”, Lambert Academic Publishing, 2015, ISBN 978-659-7572-1.
“Without guarantees, fewer loans”, Banken + Partner, Magazine for Strategy and Management 1.2015, 2015, p. 5.
“Guarantees have a positive influence on access to credit”, IHK WirtschaftsForum, Volume 138, May 3rd, 2015, p. II.
“Do guarantee banks affect SME lending?”, Journal of Entrepreneurship and Small Business 12 (4), 2013, pp. 481-496, together with Henschel, T.
“Credit guarantee schemes and their impact on SME lending: existing literature and research gaps”, International Journal of Entrepreneurial Venturing 5 (4), 2013, pp. 391-405, together with Wolf, B.
“The ability of Credit Guarantee Schemes to improve access to bank lending for SMEs” (2011), Conference Paper 56thWorld Conference for Small Business (ICSB), Stockholm.
Conference papers
“SME Lending Relationships: A Learning Perspective”, 4th Annual Conference of Economic Forum of Entrepreneurship & International Business, Paris, 2014.
“Guarantee banks and their importance for SME financing”, Third Forum Medium-Sized Companies Research, Frankfurt am Main, 2012.
“German guarantee banks and their impact on access to finance for SMEs”, 56thWorld Conference for Small Business (ICSB), Stockholm, 2011.
“The impact of German Guarantee Banks on the access to finance for SMEs”, Second Forum Medium-Sized Companies Research, Siegen, 2010.
“Credit Guarantee Schemes for SMEs in Germany: Theoretical Foundations and Empirical Analysis”, ICAS Research Development Conference, Edinburgh, 2010.
“The impact of German Guarantee Banks on the access to finance for SMEs”, ScotDoc, Edinburgh, 2010 and Annual Research Conference Edinburgh Napier University, 2009 – 2012.
Since 2021: Professor of general business administration, especially corporate banking, Technical University of Central Hesse
2019-2021: Professor of General Business Administration, IU International University
2014-2018: Product Manager for Leadership and Stewardship; Implementation manager for digital media and blended learning, Academy of German Cooperatives, Montabaur
October 2014: Doctorate (PhD) Edinburgh Napier University, Scotland
2008-2014: Research assistant, Central Hesse University of Technology, Giessen
2008: Credit/Cash Flow Analyst Asset Finance/Corporate Finance, Landesbank Hessen Thüringen, Frankfurt/Main
2005-2008: Marketing Manager for Private Customer Business, Sparkasse Wetzlar
2002-2005: Private customer advisor, Sparkasse Wetzlar
1999-2002: Vocational training as a bank clerk, Sparkasse Wetzlar

- Stankiewicz, Hill, Sielmann: Optimal financing structure: Avoiding bottlenecks and maintaining headroom proactively, in: Zellweger, T., Ohle, P. (eds.): Financial management of family businesses, Wiesbaden 2022.
- Hill: Practical Aspects of Knowledge Risk Management in Corporate Finance for Family Firms, in: Durst, S.; Henschel, T. (Ed.): Knowledge Risk Management: From Theory to Practice, Basel/New York 2020.
- Hill, Henschel: Financing Decisions in Replacing Midcap Standard Mezzanine Programs in Germany, Conference Paper 60th World Conference for Small Business (ICSB), Dubai 2015.
- Wolf, Hill, Pfaue: Structured financing: basis of corporate finance, technology of project and buyout financing, asset-backed structures, 2nd edition, Stuttgart 2011.
- Hill: Financial structuring of transactions, in: Schramm, M.; Hansmeyer, E. (Ed.): Successfully managing corporate transactions, Munich 2009.
Education:
- Training as a bank clerk at Dresdner Bank AG in Frankfurt am Main
- Studied business administration at the Frankfurt School of Finance & Management / HfB and at University College Dublin
- Doctoral studies at Edinburgh Napier University
Professional activities:
- Corporate customer support at Dresdner Bank AG in Frankfurt am Main
- Project and acquisition financing at Dresdner Kleinwort Benson in Frankfurt am Main and Toronto
- Financing advice for medium-sized companies at equinet AG in Frankfurt am Main
- Financing advice for companies and private equity companies at KPMG AG in Frankfurt and London
- Commercial management at awk AUSSENWERBUNG GmbH in Koblenz
Teaching activity:
- Lecturer at the THM in Wetzlar and Gießen
- Lecturer at the Sparkasse Finance Group University

- since 2023 freelance lecturer (THM departement of Economy, EBS Business School, Rheinmain University of Applied Sciences)
- 2006-2023 Managing Director in Asset Management (DWS, London and Frankfurt), especially since 2020 management of cooperation with the Startup Arabesque AI
- 1995-2006 Quant and derivative dealer in London and New York for various investment banks (Deutsche Bank, Citigroup, Merrill Lynch)
- 1995 PhD in Mathematics, UCLA, California
- 1990 Diploma in Mathematics and Computer Science, University of Karlsruhe
Our teams
- office
- Major Controlling
- Major Digital Business
- Major Financial Services
- Major International Management
- Major Marketing
- Major Medium-Sized Companies & Entrepreneurship
- Major People Management
- Major Tax Consulting and Auditing
- Business Administration (B.Sc.)
- Business Administration-Sustainability Management (B.Sc.)
- Digital Business (M.Sc)
- Digital and International Marketing (M.Sc)
- People Management (M.Sc.)
- Management Control (M.Sc.)
- MBA