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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.

Email: apo@tac-financial.com



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 T-A-C 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.

Email: barth@tac-financial.com
Home Page: www.sylbarth.com



Isabelle LEGRAND, Senior Economist

Isabelle joined T-A-C 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



Stéphane COLLIAC, Economist

Stéphane has joined TAC in May 2007 as an economist, and he will work on our country risk analyses as well as on the specific country studies. Stéphane has been teaching international economics at Bordeaux University during the past few years, and he has developed both an intensive knowledge on, and an extensive network in Latin America. Stéphane has a PhD in international economics and finance from Bordeaux University. His doctoral thesis was devoted to the dollarisation mechanisms and consequences in emerging markets, with an application to Latin America, and he developed very interesting quantitative tools on the subject.

Email: colliac@tac-financial.com



Andrianasy Angelo DJISTERA

Angelo has been teaching international economics at Bordeaux University over the past few years. He has a PhD in international economics and finance from Bordeaux University. His doctoral thesis was devoted to the role of human capital in the economic growth of emerging Asian countries. He joins TAC for a long-term research intern, during which he will work on our structural models for long-term projections of economic growth, inflation and exchange rates in emerging markets.

Email: djistera@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



Sandrine LUNVEN, Economist

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

Email: lunven@tac-financial.com



Catherine LE GUYADER 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: leguyader@tac-financial.com or denis@tac-financial.com



Thomas SENNE, quantitative analyst

Thomas has just completed his Masters Degree in econometrics and data mining techniques, with a specialisation in cyclical analysis and forecasts, at Rennes University, and he is now undertaking a PhD in economics at the University of Caen. He joins TAC to reinforce our expertise and capabilities in quantitative developments.

Email: senne@tac-financial.com



Matthieu PAUTONNIER

Matthieu has joined us in April to work on an in-depth research involving the improvement of our quantitative tool of country risk analysis. Matthieu is completing his Master’s Degree in econometrics and data mining techniques, with a specialization in cyclical analysis and forecasts, at Rennes University.

Email: matthieu.pautonnier@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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