Nicolas DUCHAMP

November 2006 : in charge of the Front Office FX and money markets at Natixis in Luxembourg
• Management of 1 person
• refinancing the floating rates loans (financing of the EURIBOR and LIBOR in the whole bank) and making swaps operations for the fixed rates loans
• Currency operations and deposits for the whole bank in every currencies
• Tactical investments of the bank’s cash on the yield curve to optimize the profits with the software Tradix
• Taking exposures on the FX markets and on the money markets in a trading book

March 2005 – Nov. 2006 : Asset & Liabilities Management at AXA RE in Paris (Reinsurance subsidiary of AXA)
• Day-to day management of 4.3Mds Euros! => Diversifying the investments (ABS, CDOs, Private Equity…), increasing the bonds yields (choosing the benchmarks, the constraints for credit and for duration, swap hedging)
• Investment orders to the Front Office, to the cash managers
• Rebalancing the currency mismatches at the beginning of the year
• Financial forecasts among financial charges and every assets classes – equities, bonds, cash, private Equity, funds, loans, Real Estate => accountancy budgets
• Subsidiaries restructuring : cash flows modelling & balance sheets projection (insurance assets and liabilities) to reallocate the assets of the subsidiaries finishing their lives
• Establishment of financial reports for the Private Equity & Real Estate investments + representing AXA RE at the investment committees of the Real Estate funds

6 months training period in FX & IR products structuring at Calyon at the end of the Master’s Degree
• Creation of an Access database for all team’s requirements : deals storage, daily reportings, monthly PNL reporting, dates and barriers watching, MTM calculation…
• Pricing of currency options for 3 months

1 year training period in Portfolio Management (credit derivatives management) at Calyon in Paris between the second and third years of the “Ponts et Chaussées” school
• Optimizing and pricing of two CDOs portfolios (Moody’s and S&P methodologies) ( operations on 2x 3 months)
• Creation of a database and following up of 600 CDS corporate names (daily Ratings, KMV, Spreads on bonds and CDS, Financial ratios…)
• Developing tools & delivering datas for the team: Bloomberg, internal and external databases…
• Using the KMV and Creditmetrics softwares