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Faculty & Research


Pierre Hillion

Professor of Finance

The de Picciotto Chaired Professor of Alternative Investments

Program Director of the INSEAD-Macquarie Master of Finance


Additional Information
Research Areas
  • Market Microstructure
  • Empirical Asset Pricing
  • Corporate Finance
  • International Finance
Teaching Areas
  • Capital Markets
  • Investments
  • Asset Management
  • Corporate Finance
  • Hedge Funds and Alternative Investments


Pierre Hillion is a Professor of Finance, de Picciotto Chaired Professor of Alternative Investments, and the Program Director of the INSEAD-Macquarie Master of Finance. From 1999 to 2004, he held the Shell Professorship in Finance. He serves as a visiting professor at the University of California in Los Angeles and the California Institute of Technology. He is a CEPR Research Fellow. He received his MBA from the Ecole des Hautes Etudes Commerciales (HEC) in France, a DEA from the University Paris-Dauphine, and a PhD from the University of California in Los Angeles. He is currently based at the INSEAD Singapore campus.

Pierre Hillion teaches in various Executive Education programmes offered at INSEAD and at the Amsterdam Institute of Finance. He is the Programme Director of Dresdner Kleinwort Wasserstein and Société Générale programmes at INSEAD.

Pierre Hillion was the recipient of several awards from the Q. Group, NATO, ECMI and the BSI Gamma Foundation. He has published extensively in the fields of asset and option pricing models and market microstructure.

His articles have been published in leading academic journals such as the Review of Financial Studies, Journal of Mathematical Finance, Journal of Finance, Journal of Econometrics and Journal of Political Economy. He serves as an Associate Editor of the Journal of Empirical Finance and the Journal of Financial Markets. He is a co-editor of a book entitled European Capital Markets with a Single Currency published by Oxford University Press in 1999.

Pierre Hillion works as an academic advisor to Union Bancaire Privée and Lombard Odier Darier Hentsch banks in Geneva, Switzerland.

Case Studies