Dexia’s experts are economists specialising in different domains, and their research informs the decisions taken by the respective Group entities to which they belong. Some of their work gives rise to regular publications not only on macro-economic imperatives but also on more specific subjects such as the hospital sector or the funding of local government. Their background and areas of their expertise are outlined in the biographies below.
With a doctorate in management, Claire Bouinot started out as a Consultant with KPMG in the Public Sector Department where she advised on local authorities and health.
In 2002 she joined the Hospitals Market Department of Dexia Crédit Local to follow up and develop sales in the public health and welfare medical sector. In 2008 she took over the Health Department under the Research Directorate where she is responsible for research into the organisation and funding of the health sector in France and in Europe.
André Boulanger obtained a law degree from the Université Paris II-Assas in 1979, and a postgraduate diploma from Sciences Po Paris in 1981. Since then, he has worked in various capacities in the field of local authority finances, starting his career as Project Executive for the President of the Economic and Social Committee of the Île‑de‑France Region, before becoming Head of Economic Intervention Measures within the Financial Affairs Directorate of the Regional Council of the Île‑de‑France.
In the late 1980s, he was appointed Deputy Regional Manager of the Caisse des Dépôts et Consignations for the Limousin region. Three years later, he joined the head office of Dexia Crédit Local, where he held several positions, including Director of Financial Engineering and Deputy Director of Strategy & Business Development.
Since 1 May 2010, he has been Director of Studies at Dexia Crédit Local, where he is responsible for research into intervention measures and publications on the local public sector and its funding, in France and in Europe. He heads a team of 15 experts.
Anton Brender has been Head of the Economic Studies Department of Dexia Asset Management since 2002. Associate Professor at the Université Paris‑Dauphine, he also chairs the Economics Committee of the Association of French Management Companies (Association Française des Sociétés de Gestion - AFG-ASSFI). A graduate in Political Sciences and a PhD in Economics, he served as Director of the French think tank on research into international economics, the Centre d’Etudes Prospectives et d’Informations Internationales (CEPII), before heading the Economic Studies department of the CPR Group. A macro-economist, he specialises in the study of international monetary and financial problems.
He has collaborated extensively with Florence Pisani, also an economist with Dexia Asset Management (see below): in February 2010 they published “Global Imbalances and the Collapse of Globalised Finance”, which revisits the ideas developed in “La Crise de la Finance Globalisée” (published in 2009) and “Les Déséquilibres Financiers Internationaux” (2007). Previous joint publications include “La Nouvelle Economie américaine” (2004), “Les Marchés et la croissance (2001)”, “Le nouvel âge de l’économie américaine” (1999) and “Les taux d’intérêt: approche empirique” (1997).
A graduate of the École Normale Supérieure of Fontenay-Saint Cloud and with an Agrégation in Geography, Isabelle Chatrie began her career as Project Executive at the Caisse des dépôts et consignations. She then joined Crédit Local de France (now Dexia), with responsibility for matters relating to land development and local planning.
In 1997, she became an Associate Consultant at the LL&A Research Bureau, where she helped set up and manage of European projects and carrying out various studies, notably for the European Commission, on innovation, regional development and the outermost regions.
She returned to Dexia in 2006 to head up the European Local Authorities Department, which, in 2010, became the International Studies Department under the Research Directorate. She is responsible for studies on the organisation and funding of the public sector at European and international level.
Florence Pisani joined Dexia Asset Management in 2002 as an economist after doing the same job for the CPR Group since 1993. She lectures at the Université Paris‑Dauphine and has a Masters degree in banking, finance and insurance as well as an advanced studies diploma (DEA) in economics and international finance. Florence has collaborated extensively (see above) with Anton Brender, Head of Economic Studies at Dexia Asset Management.
After gaining a Masters in Commercial Law and a postgraduate advanced studies diploma in Business Law, Vincent Reulier began his career as a lawyer in the legal department of Dexia Crédit Local, before joining the sales network where he has held several managerial jobs in the regions and at head office. He has thus been head of Institutional Clients East, Head of the Social Housing and Mixed Economy markets, and Senior Product Manager, responsible for developing and marketing the range of financial services.
Since September 2010, he has been running a team of experts responsible for writing and producing tailor-made studies for large French public sector customers. He also coordinates the management of the relevant databases.
A graduate in Statistics and Econometrics, Thomas Rougier joined the Local Authorities Directorate in the Ministry of the Interior in 1995 where he was responsible for writing and publishing the annual report on the State of Local Government Finance (Etat des lieux des finances locales). He was also responsible for producing statistical and financial studies on the local authorities.
develops Dexia’s expertise in the funding of local government and for writing and producing analyses of local authority finances;
acts as the technical referrer both internally (for Sales and for Head Office) and externally (for local authorities, partners, and associations of elected representatives) regarding local government studies and funding; and
ensures the quality and reliability of the databases of the largest local authorities.
Since 2003, he has been with Dexia, where, as head of the division dealing with the major local authorities in France, he:
He is currently Director for Studies France, where he steers the work on economics and on developing Dexia’s expertise in the field of local government finance.