Raphael works in the energy and competition practice, with a particular focus on projects in the area of finance.
He has extensive experience applying economic theory and advanced quantitative methods to complex regulatory, financial, and strategic questions, drawing on expertise across a broad range of fields - including microeconomics, financial economics, public finance, and mathematics.
In recent projects, Raphael has assisted energy companies in assessing market risks and valuing options and portfolio effects. He has also supported a major stock exchange in acquiring other financial services providers and advised international banks on the economic effects of information sharing in financial markets.
Before starting at Frontier Economics in 2019, he completed a PhD in Financial Economics at the University of Cologne. His research addressed capital costs and liquidity in financial intermediation. Furthermore, Raphael has a mathematical background and also holds a PhD in Theoretical Physics from the University of Jena.