Governance and advisory committees

Emmanuelle Assouan has been Director General Financial Stability and Operations at the Banque de France since January 2023. She also chairs the Banque de France Climate Change Centre.

She has previously held several positions relating to financial stability, payments and market infrastructures, the management of the Banque de France’s foreign exchange reserves, monetary policy implementation and banking supervision.

Born in 1973, she is a graduate of Sciences Po Paris and joined the Banque de France in 1997.

Hervé Gonsard is a graduate of Sciences Po Paris and holds a DESS degree from Paris IX Dauphine University. He joined the Banque de France in 1991, working initially in the Nancy branch and then at the General Secretariat of the Banking Commission. In 1998 he was appointed Banque de France financial attaché and representative at the French Embassy in Japan.

On his return in 2001, he became Deputy Head of the Franc Zone Division, then career manager for senior staff in the Directorate General Human Resources.

He was subsequently appointed Chief of Staff in the Governor’s Private Office, a position that he held for Christian Noyer’s two terms of office, from 2003 to 2015.

In October 2015 he was appointed Director General of the Institut d'Émission des Départements d'Outre-mer and the Institut d'Émission d'Outre-mer (IEDOM-IEOM). On 1 January 2017 he became the first Chairman of the IEDOM after it was transformed into a wholly-owned subsidiary of the Banque de France.

In April 2017, he was appointed Director General Human Resources by the Governor, François Villeroy de Galhau.

Since September 2022, he has been Director General Services to the Economy and Branch Network Activities.

Hervé Gonsard has taught at Paris III Sorbonne-Nouvelle University, Paris IX Dauphine University and Sciences Po Strasbourg.

He is a Chevalier of the National Order of Merit and a Chevalier of the Legion of Honour.
 

Olivier Garnier is Director General Statistics, Economics and International. 

Before joining the Banque de France in 2017, he held various positions at the Ministry of the Economy and Finance, working notably as Economic Adviser to the Director of the Treasury (1992-94), and then to several ministers (1994-97). He also served as an economist at the US Federal Reserve (1990-92). From 1998 to 2017, he worked for Société Générale Group, serving notably as Deputy CEO of SG Asset Management, then as Group Chief Economist and as a member of the Group’s General Management Committee.

He was Chair of the French Economic Association (AFSE) from 2021 to 2022, and a member of the Economic Advisory Council from 2002 to 2012.  

He is a graduate of Ecole Polytechnique, Ecole Nationale de la Statistique et de l’Administration Economique (ENSAE), and Paris Dauphine University. 
 

Bruno Cabrillac joined the Banque de France in 1983, working as an economist in the Directorate General Foreign Relations and then as a foreign exchange trader. In the 1990s, he was seconded to the Ministry of Finance as Financial Adviser in Cairo (1989-1992) and Tokyo (1994-1996). Between 1997 and 2001, he was Head of the Banque de France’s Franc Zone and Development Financing Division. In April 2001, he was seconded to the Ministry of Finance to become Trade Commissioner and Banque de France representative in Hong Kong and Macau. In July 2005, he was appointed Financial Adviser for Africa at the French Ministry of Finance (Treasury and Economic Policy Directorate General). In October 2008, he was appointed Director of Economics and International and European relations at the Banque de France and in 2016 became Deputy Director General Statistics, Economics and International.

Contact

• bruno.cabrillac@banque-france.fr

Academic Publications

Articles

• Benefits of GDP-indexed bonds for issuing countries, investors and international financial stability, with Ludovic Gauvin, Jean-Baptiste Gossé, with VoxEu, 07 March 2017
• Les marchés de dette obligataire en devise locale en Amérique latine, avec Marie-Hélène Ferrer, Revue d'économie financière 2016/4 (n° 124)
• Introduction, avec Lionel Zinsou, Revue d'économie financière 2014/4 (N° 116)
• Les perspectives des unions monétaires africaines, avec Emmanuel Rocher, Revue d'économie financière 2013/2 (N° 110)
• Coordination internationale et sortie de crise : quel rôle pour le G20 ? avec Pierre Jaillet, Revue d'économie financière 2011/3 (N° 103)
• Économie de la Chine, Coll. Que sais-je ?, Presses Universitaires de France, 2009

Erick Lacourrège was born in Bordeaux, France, in 1967.

He holds Master’s degrees in economics and in political science from the University of Bordeaux, and an Executive MBA from ESSEC Business School in Paris.

He joined the Banque de France in 1991 and has held a number of positions: deputy project manager for the Bank’s critical IT recovery plan, head of the branch network projects department, project manager for the adaptation of customer management to the changeover to the euro.

In 2000, he joined the Banque de France’s Directorate General Banknote Manufacturing where he held several positions before being appointed Deputy Director General and Director General in 2014.

On 1 January 2018, he was appointed Director General Services to the Economy and Branch Network Activities. 

In 2023, he became Director General Cash and Retail Payments following the merger of the Bank’s banknote manufacturing activities with the management of currency in circulation and supervision of retail and digital payments. He is also responsible for managing the Bank’s gold reserves. The new Directorate General Cash and Retail Payments was created to unify the management and supervision of all payment-related issues. In parallel, Erick Lacourrège was appointed Chair of the National Payments Council, which brings together all participants in the French payments ecosystem. He is also Chair of Europafi, a subsidiary of the Banque de France and several other Eurosystem central banks that specialises in the manufacture of banknote paper.

Erick Lacourrège is a member of the Banque de France’s Executive Committee.

He is also a member of the European Central Bank’s High-Level Task Force on the digital euro and of its Banknote Committee (BANCO). He is Chair of the Executive Committee of the Central Bank Counterfeit Deterrence Group (CBCDG), a G10 organisation that protects its 35 member countries against banknote counterfeiting.
 

Nathalie Aufauvre is a graduate of Sciences Po Paris and holds a Masters degree in economics. She joined the Banque de France in 1984.

After holding various management roles in the Markets Directorate and then the Monetary Policy Directorate, in 2002 she became Deputy Director of Market Operations in the Directorate General Operations. In 2006 she was appointed Director of Finance and General Control, and in 2012 she became Secretary General of the Banque de France.

In October 2017, she was appointed Director General Financial Stability and Operations. She has a number of international responsibilities as part of this role: she is a member of the FSB’s Standing Committee on Assessment of Vulnerabilities (SCAV), a member of the Committee on the Global Financial System (CGFS) and a member of the BIS Basel Committee on Banking Supervision (BCBS). Nathalie Aufauvre is also a member of the Steering Committee of the NGFS, which was launched in

January 2018, and has been Chairman of the Banque de France’s Climate Change Centre since April 2021. She was appointed Secretary General of the ACPR in January 2023.

Thierry Bedoin has been Director General of the Banque de France’s Information System since April 2020 and is a member of the Executive Committee. 

He is in charge of defining and implementing the information system strategy to ensure that the Banque de France makes the most of available technology in delivering its missions – monetary policy, financial stability and services to the economy and society – while remaining open and innovative. 

He is a graduate of École Centrale in Lyon and of Supélec, and first joined the Banque de France in 1983. 
After holding several positions in IT architecture and application development, he went on to become head of IT production, and in 2016 was appointed the Banque de France’s Chief Digital Officer, tasked with driving the digital transformation of the Bank and its ecosystem. His role was to develop a digital strategy and coordinate the roll-out of digital initiatives, while also supporting the different divisions in their transformation. He developed the Banque de France’s innovation process by setting up Le Lab, an in-house innovation laboratory where he oversaw the co-construction of new solutions in conjunction with external innovactors. 
In 2019, he received Central Banking magazine’s Fintech and Regtech Pioneer Award for the most innovative central bank in the world. 

Thierry Bedoin is the French representative of the Eurosystem’s IT Committee, whose role is to implement common IT infrastructures for European national central banks. 

Anne-Sophie Martenot joined the Banque de France 25 years ago via the entrance exam.

She has held various positions, notably in corporate financial analysis, banking supervision and market back office operations, reflecting the broad range of functions carried out by the Banque de France.

She has worked in the Directorate General Operations, as Director of Human Resources at the ACPR and, most recently, as Deputy Director General Statistics, Economics and International (DGSEI).

Thanks to these operational roles, she has acquired strong managerial skills and developed a keen interest in expanding staff’s skills. Anne-Sophie Martenot is a member of the Association for Progress in Management (APM).