He succeeds Anthony Requin, who was appointed Inspector General of Finance on 1 July, after six years at the head of AFT. The debt agency has just carried out its last syndicated transaction of the year with a new 30-year issue.
Cyril Rousseau has been appointed director general of Agence France Trésor (AFT), effective August 1. A former student of the École Polytechnique and the École Nationale Supérieure de Techniques Avancées, he had been deputy director general of the public debt agency since February 2020.
"Cyril Rousseau has spent most of his career at the French Treasury, which he joined in 2004, where he was previously Deputy Director of Multilateral Financial Affairs and Development and Vice President of the Paris Club", explains the release.
He was economic and financial advisor to the French Embassy in Beijing from 2011 to 2014, and then, until the end of 2015, deputy director of the national department set up to support local authorities exposed to risky loans. He was also head of market operations at AFT from 2006 to 2009.
Cyril Rousseau takes over from Anthony Requin, who was reappointed in 2018 and appointed Inspector General of Finance on July 1.
Agence France Trésor has 47 employees including Cades (Caisse d'Amortissement de la Dette Sociale). Gathered since October 2017 in Bercy, the teams are composed of 18 contractual employees and 29 civil servants, including 17 women and 30 men.
"AFT's mission is to manage debt in the best interests of taxpayers. AFT's strategy is to take a long-term view while remaining close to the market. It favours liquidity for all the debt products it issues, with total transparency and a desire to combine innovation and security", explains the agency on its website.
The debt agency has just carried out its last syndicated operation of the year with a 30-year EUR 5 billion tranche maturing in May 2053 and offering a yield of 0.918%.
The lead managers for this transaction were Barclays, BNP Paribas, BofA Securities, Crédit Agricole CIB and Nomura. All the Treasury specialists were part of the syndicate.
The demand for securities reached EUR 30 billion. Around 200 end investors subscribed to the transaction. The amount was allocated for 45 % to asset managers, 19 % to banks, 16 % to insurers, 9 % to pension funds, 6 % to public institutions, and 5 % to alternative management, Agence France Trésor said.
