From 2019
Natixis
(Paris)
Managing Director — Global Markets — Global Head of Equity then Deputy Head of Global Markets
- Responsible for all equity activities (structured derivatives, flow derivatives, fund financing, strategic equities, index market-making and securities optimisation) worldwide (New-York, London, Paris, Hong-Kong & Tokyo)
- Hierarchical reporting from 100+ equity traders and functional reporting from c. 100 cross asset sales and engineers dedicated to equity
- Member of Global Markets Executive Committee and permanent member of Market Risk Committee chaired by Natixis CEO
- Specific duties:
- Development of equity offer and strengthening of Natixis client penetration
- Risk management of complex risks, enhancement of models and systems
- Strategic planning and business adjustment following Covd-19 crisis
- Supervision of
xVA
Funding and Credit Value Adjsutement (x stands for 'F' or 'C'). Adjustment made to the fair value and dynamically hedged to account for Natixis own credit and for counterparty risk
pricing and risk management as well as scarce resources steering and optimisation (hierarchical reporting of c. 10 people worldwide)
- Awarded Risk Management House of the Year by Risk Magazine (2023)
2014-2019
S.G. CIB
(Paris)
Managing Director — Global Markets — Deputy then Global Head of Trading
- Functional reporting from all traders in SG Global Markets (700+ people) on more than 10 locations worldwide
- Direct reporting on 50 traders and 200 front office functions (quants & developers, risks, scarce resources, tax unit)
- Permanent member of Risk Committee chaired by SG CEO. In charge of presenting and supporting requests from business
- Member of Global Markets Executive Committee
- Board member of Descartes Trading (since 30 March 2018)
- Sponsor of large and strategic projects:
FRTB
Fundamental Review of the Trading Book - Basel comprehensive rewiew of market risk capital requirements
— EUR80mm budget (repr. 20% of yearly global change budget), Collateral Program — EUR 20mm)
- Represented SG at various regulatory meetings (ECB & ACPR) and banking industry bodies (ISDA). Speaker at external seminars (Global Derivatives, UCGPI, JP Morgan Collateral forum)
- Pitched successfully for several awards: Best Risk Management House of the Year by Risk Magazine (2016)
- Specific duties:
2008-2014
S.G. CIB
(Paris)
Managing Director — Cross Asset Solutions — European then Global Head of Trading
- Direct reporting on 100 people (Paris, London, New-York, Hong-Kong)
- Member of Cross Asset Solutions Executive Committee and Global Markets Management Committee
- Proposed, challenged and participated in all strategic decisions related to the organisation and the business development
- Awarded Best Structured Products House of the Year by Risk Magazine (2014)
- Trading & Risk Management on all assets classes (Equities, Funds, Rates, Credit, Financing) in particular through 2008 & 2011 financial crisis with positive P&L every year
- Dealt with several interdealer litigations and saved more than EUR 40mm
- Sponsor of strategic projects (
CVA
Credit Value Adjsutement. Adjustment made to the fair value and dynamically hedged to account for counterparty risk
setup,
CSA
Collateral Swap Agreement. Transfer of collateral to reduce counterpary risk. This has to be properly valuated using different discount curves
valuation, Liquidity Central desk)
2006-2008
Deutsche Bank
(London)
Managing Director — Global Credit Trading — Co-Head of Credit Correlation Trading
- Co-head of a team composed by 8 traders in London, 4 traders in New York and 4 traders in Asia
- Responsible for the risk management and pricing of the credit correlation book
- In charge of the new products development from pricing and IT implementation to road shows, client pitches, execution and hedging
- Development of a leverage financing platform with several external asset managers
2004-2006
S.G. CIB
(New York & London)
Director — Fixed Income — US then Global Head of Structured Credit Trading
- In charge of a team composed by 8 traders, 1 structurer, 2 assistants
- Pricing and hedging of all Credit Correlation products in particular through 2005 Credit crunch (P&L was positive)
- Managing a position of more than $10bn of
ABS/MBS
Asset and Mortgage Backed Securities. Securities sold by banks to the market to distribute the credit risk associated with consumer loans and mortgages
- In charge of developing the distribution of synthetic products in the US, Canada and Latin America
- Setup of a market-making platform on index tranche
1998-2004
S.G. CIB
(Paris)
Equity and Index Derivatives — Exotic Trader
- Held various positions on the Index arbitrage desks (Swiss and Spain) then Exotic Equity and Funds Derivatives desk
- Promoted Head of Equity Correlation book in 2003 (5 traders)
- Involved in an Alternative Investment Platform (Lyxor AM) and many pricing tools developments
1997-1998
B.N.P.
(Paris)
Half-time position at the Risk and Industrial Studies Direction of Banque Nationale de Paris — Analysis of a risk index for the Bond related Risk
1993-1994
National Service
Intelligence Officer — Foix Operational Centre of French Gendarmerie Nationale