Georges Chodron de Courcel, COO, BNP Paribas, and Herv Biausser, director, Ecole Centrale Paris, are inaugurating the BNP Paribas teaching and research chair in quantitative finance.
To mark the occasion, Frdric Abergel, director of this new chair, will present the inaugural lecture this evening on “Modelling in quantitative finance” in the BNP Paribas rooms at L’Orangerie.
The BNP Paribas Chair in Quantitative Finance brings together mathematicians, economic physicists and specialists in the banking sector to offer an original approach to predictive analysis in finance. To achieve this goal, it relies on the quantitative research teams of the BNP Paribas group, who actively contribute to the growth and global leadership of the bank in the derivatives market, and the teams from the Applied Mathematics laboratory of the Ecole Centrale.
This research project includes an educational investment in teaching and student projects in financial mathematics, as well as a broad series of events intended for a panel of experts, professionals and scientists.
With an operating budget of 1.5 million for a five-year period, the chair has two teaching researchers and three doctoral students to date. It also provides instruction to about sixty students at the Ecole Centrale Paris.
“BNP Paribas intends to be a leader in strategic research areas for its development. This means that we have to work with the best scientists worldwide and attract the best students trained in these areas. In financial mathematics, it seemed natural to us to partner with Centrale Paris, which is one of the best schools in this specialty,” says Georges Chodron de Courcel, COO, BNP Paribas.
“We are particularly happy that one of the first chairs created at Centrale Paris is a partnership with BNP Paribas, one of the companies closest to the school. We are actively developing corporate chairs at Centrale Paris, because they expand our offer by combining education and research for our partner companies. They also facilitate the recruitment of top scientists, a crucial element in our international reputation,” adds Herv Biausser, Director of the Ecole Centrale Paris.