Complete Pick positivity and unitary invariance

The characteristic function for a contraction is a classical complete unitary invariant devised by Sz.-Nagy and Foias. Just as a contraction is related to the Szego kernel k(S) (z, w) = (1 - z (w) over tilde)(-1) for |z|, |w| < 1, by means of (1/k(S))(T,T*) >= 0, we consider an arbitrary open connected domain Omega in C-n, a complete Pick kernel k on Omega and a tuple T = (T-1, ..., T-n) of commuting bounded operators on a complex separable Hilbert space H such that (1/k)(T,T*) >= 0. For a complete Pick kernel the 1/k functional calculus makes sense in a beautiful way. It turns out that the model theory works very well and a characteristic function can be associated with T. Moreover, the characteristic function is then a complete unitary invariant for a suitable class of tuples T