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 Research Team 


T A C, voluntarily keeps a light structure but can complement its expertise with the recourse to other specialised consultants or through association with other consulting firms.


Thierry APOTEKER, Chief Economist & Managing Director

Thierry graduated from the top French school of management HEC and obtained a Doctorate in monetary economics from the University of Paris Dauphine. He started as a junior economist in a French think tank (B.I.P.E.) and then moved to Banque Indosuez (now Credit Agricole Indosuez / Calyon) where he set up the country risk division before becoming the bank's chief economist and head of the Research Department. Thierry left the bank in 1990 to create the consultancy group that bears his name. He taught banking and financial economics at the University of Rennes as an Associate Professor until 1997, is a frequent lecturer on international economics in many academic institutions (HEC, IGR, ENSAI), and is a speaker at many international conferences on banking as well as on country risk.



Sylvain BARTHELEMY, Research Director

Sylvain is in charge of the implementation of data analysis and non-linear logic methods as well as more standard econometrics. He joined TAC in 1995 with a pre-doctoral degree in Monetary Economics from Rennes University. He is a recognized expert in quantitative analysis (econometrics, data mining,...), neural networks, genetic algorithms and computer science. Sylvain wrote many papers on modern statistical methods for data analysis (self-organizing maps, genetic algorithms,…) used as fast algorithms for complex combinatorial problems.



Isabelle LEGRAND, Senior Economist

Isabelle joined TAC in July 2001, and she started as one of our key quantitative analyst and economist. After these years of highly technical work, she has now taken a much more senior position, being responsible of our knowledge base, i.e. all the inputs (quantitative as well as qualitative) that the team is using in its research and studies. She has also taken the responsibility of Project Management, mostly our dealings and contracts with multilateral donors and institutions, where TAC has now greater ambitions. She graduated from Rennes University with a pre-doctoral degree in econometrics and data mining techniques. Isabelle remains a key element in TAC’s quantitative expertise and abilities and continues to participate in econometric modelling.

Email: leg@tac-financial.com



Sandrine LUNVEN, Quantitative Economist

Sandrine LUNVEN has joined us in April 2007 to work on an in-depth research on contagion effects in emerging markets. She completed her Master’s Degree in econometrics and data mining with a specialization in cyclical / economic analysis and forecasting at Rennes University. She is now working as an economist.

Email: lunven@tac-financial.com



Matthieu PAUTONNIER, Quantitative Economist

Matthieu initially joined us in April 2008 as an intern to work on an in-depth research involving the improvement of our quantitative tool of country risk analysis. Matthieu has completed his Master’s Degree in econometrics and data mining techniques, with a specialization in cyclical analysis and forecasts, at Rennes University, and he obtained the highest award for his research work in september 2008. He is now a member of our quantitative research team, especially in the field of complex modeling.

Email: matthieu.pautonnier@tac-financial.com



Vivien MASSOT, Economist

Vivien joined TAC in January 2009 as an economist, and he worked on our country risk analyses as well as on the specific country studies. Before joining us, Vivien was Financial Attaché in the Embassy of France in India for 2 years, in charge of the economic follow-up of India and South-Asian countries (growth, monetary and budgetary policies, etc.) and of development issues in relations with the World Bank and IMF. Vivien has since then returned back to India, where he develops our customer network. In the same time, he is responsible of our qualitative knowledge base. Vivien has a Master’s Degree in Economic Theory and Econometrics from Toulouse University, followed by the Third Year teachings of ENSAE, with a specialization in Forecasting and Economic Policy.

Email: massot@tac-financial.com



Sofia PESCA, Project Management and Development

Sofia has joined us to support Isabelle on project management issues. Before joining TAC, Sofia was project administrator at the EHESP School of Public Health, and was in charge of international cooperation programmes with Latin America and Eastern European countries, a job that included backstopping activity for missions, logistics and tender preparation. Besides she teaches Spanish at ENSAI and SUPELEC, two French Grandes Ecoles.

Email: pesca@tac-financial.com



Laurence FEDERICI, Finance and Administration Manager

Laurence has been with TAC since the beginning, dealing with all our administrative and management items. Laurence has a pre-doctoral degree in applied linguistics from Paris University, and started her interest with economics when doing translation of economic bulletins for international banking institutions back in the 80s. All administrative, payment and purchase matters have to be dealt with her.

Email: fede@tac-financial.com



Jocelyne VAUBOURG, Customer Relation Manager

Jocelyne joined T-A-C in 1999 after working for many years in the international marketing department of a multinational electronic group. Jocelyne is in charge of commercial development and customer relations. Do not hesitate to contact her for any question on TAC's services.

Email: vau@tac-financial.com



D. and M. JOUAN-CROSS, Translators

David and Marianne have joined us to translate some of our documents, especially Jean-Pierre Patat’s Newsletter and the Banker’s view. Before retiring, David was an independent British consultant specialized in education and development issues.

  Jean-Pierre PATAT, Special Advisor

After graduating from the Paris Institute for Political Studies, Jean-Pierre Patat started his career at the Banque de France in the early 60s. He afterwards held different positions at INSEE, at the Fed New York and at the French Planning Commission. He returned to the French central bank as a Director of Monetary Studies and Statistics and moved up to the top position of Director General, at the Banque de France, in charge of research and international relations, and was named Honorary Director General when retiring in December 2001. Jean-Pierre authored many books on money and finance, and is lecturing at many prestigious French institutions. At TAC, Jean-Pierre provides high calibre advisory services, and brings a wealth of knowledge and experience on both banking and monetary issues, as well as on Sub-Saharan Africa.



Thierry DA, Senior Advisor for Asia

Engineer (Ecole Centrale Paris) and civil servant (ENA), Thierry DA has occupied various positions in French domestic and international institutions. He spent three years in Tokyo as financial attaché at the French Embassy, monitoring Asia for the French Ministry of Economy and Finance, then eight years with Banque Indosuez (now CALYON) as deputy general manager in Japan and Senior vice-president for the Far East at he bank’s headquarters in Paris. After being CEO of the French subsidiary of SEDGWICK, the British insurance broker, for a couple of years, he was then Senior Banker at IXIS Corporate & Investment Bank in charge of some major French Corporates and Institutions in the Middle East and Asia. He joins TAC as a senior advisor, notably on Asia.

Email: da@tac-financial.com



Thomas CHOONG, Strategic Advisor for Asia

Thomas graduated from the University of Bath (UK) with a BSc Engineering First Class Honours and a PhD in 1982 under the UK Science and Engineering Research Council scholarship. He was with IBM for more than 6 years as the general manager for its emerging network computing business in ASEAN. Then, he spent 2 years with Sun Microsystems since 1997 and was the Managing Director of iPlanet (a Sun/Netscape Alliance in South Asia). Thomas is presently the founder and executive director of Waylion Advisory and Consulting, a business advisory and consulting practice focused on assisting tech, media and services companies in business strategic planning, development and capital access and founded in early 2008. He is also a director of of Elipva Ltd, Ematrix Pte Ltd ( since 2000) and Xi Yan Pte Ltd (since 2005) which were all co-founded by him. Joining TAC as a strategic advisor on Asia, based in Singapore, Thomas will significantly enhance our marketing and customer support abilities in Asia.

Email: thomas@waylion.com



Arman AHUNBAEV, Economist

After obtaining his Research Master’s degree in Economic and Social Policies, Arman obtained a Doctorate in Economics at Grenoble II University. During his doctoral studies, he was in charge of monetary economics seminars at the Economic Faculty and of transition economics course at the Technological University Institute. Arman also managed several Tempus-Tacis projects (European Commission) for Espace Europe Research Institute of Grenoble II University and was an expert for some of them. He has joined TAC in April 2010 in order to work on macroeconomics and country risk analyses as well as on specific country studies.

Email: arman.ahunbaev@tac-financial.com



Agneta FORSLUND, Economist

Agneta Forslund has joined TAC in April 2010 as an economist. She has a Master’s Degree in economics /econometrics with a specialization in cyclical analysis and forecasting at Rennes University. She works on country risk analyses as well as on specific country studies. Agneta has been working as a consulting engineer in economics for the French National Institute of Agronomic Research (INRA) for the past five years on different research and studies, modelling and analyzing world agricultural and biofuels markets.

Email: agneta.forslund@tac-financial.com



Catherine DENIS, Quantitative Analyst

Catherine has joined TAC in June 2007 as a quantitative analyst. She is in charge of the data management and updating for our RiskMonitor service and supports all quantitative development and research at TAC. She has a Master’s Degree in econometrics and statistics from Rennes University and has worked for the past few years as a statistical analyst in a French pension fund before joining TAC.

Email: catherine.denis@tac-financial.com



Benjamin TREMPONT, intern

Benjamin joined us in April to work on short-term oil prices modeling for his internship project. Benjamin will complete his Master’s Degree in econometrics and data mining techniques in september 2010, with a specialization in cyclical analysis and forecasts, at Rennes University.

Email: benjamin.trempont@tac-financial.com



Sylvain EYDIEUX

Sylvain Eydieux is the founder and managing director of a start-up specializing in Web-oriented software development, TEMSOFT. He is himself a software development engineer, graduated from Ecole Supérieure d'Ingénieurs en Génie Electrique (ESIGELEC) with a specialization in 'Développement de Projets et Génie Logiciel' (DPGL).

TAC and TEMSOFT have been working intensively together during the past year, building a strong relationship and creating very positive synergies between economic / econometric research and operational/ web-based tool putting this research to the best possible use of large corporations or administrations. If you want to contact Sylvain Eydieux, please go to eydieux@temsoft.net



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