Hollande Names Economist Duchene Deputy Head of French Treasury

President Francois Hollande named economist Sandrine Duchene, previously in charge of the forecasting unit at national statistics office Insee, deputy head of the French Treasury.

Duchene, 44, will also be the Treasury’s chief economist, the finance ministry said in an e-mailed statement today. She replaces Claire Waysand, who left the Treasury to become deputy chief of staff for Prime Minister Jean-Marc Ayrault.

France traditionally uses the top civil service jobs at the Treasury as a training ground for its future central bankers. Former European Central Bank President Jean-Claude Trichet, as well as former International Monetary Fund chief Michel Camdessus, had top roles their before moving on to the Bank of France. Current Bank of France Governor Christian Noyer is also a former head of Treasury.

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