Laurence Boone

Laurence Boone (born May 15, 1969) is a French economist whose fields of interest include macroeconomics, European politics and public finance. She served as an economic advisor to the President of the French Republic between July 2014 and March 2016 under François Hollande's presidency.

Laurence Boone
Born15 May 1969  (age 51)
Boulogne-Billancourt 
EducationPhD in economics 
Alma mater
Employer
Awards
  • Knight of the Legion of Honour (20 ans de services, 2013) 
Position heldadviser (2014–2016), chief economist (2018–) 

Early life and education

Boone was born in 1969 in a family with distant Irish origins. Her father was an engineer. She attended the school institutions of Notre-Dame-de-Sion, La Bruyère-Sainte-Cécile and École du Sacré-Cœur.[1]

Boone earned an MAS in modelization and quantitative analysis from Paris X-Nanterre University, a PhD in economics from London Business School, and a master degree in econometrics from the University of Reading.[2]

Career

Early beginnings

Boone started her career as an analyst at Merrill Lynch Asset Management (1995–6). She was a researcher at the Centre d'Etudes Prospectives et d'Informations Internationales (CEPII) from 1996 to 1998, then an economist at the department of Economic Affairs of the OECD from 1998 to 2004. In 2004, she joined Barclays Capital France as a chief economist.[3]

In 2011, Boone became the Europe chief economist at Bank of America-Merill Lynch. A member of the Cercle des économistes,[4] Boone authored numerous books and publications. She taught at Sciences Po Paris, École polytechnique, ENSAE and ENS Cachan. She was also a member of the jury of the École nationale d'administration competitive exam.

Boone became a member of the board of directors of the Kering group in 2010.[5] After her term was renewed for a three-year period on May 6, 2014, she resigned from the board of directors on June 12, 2014.[6] In 2014, she started editing chronicles for the L'Opinion daily.[3]

Career in politics

In July 2014, Boone was appointed a financial and economic advisor to the Élysée Palace.[7] The announce of her nomination to President François Hollande was made in early June 2014[2] as an anticipation of Emmanuel Macron's resignation.[8] L'Opinion then highlighted one of her recent chronicles in which she criticized "disastrous economic results" and the government's "almost nonexistent choices of economic policy".[9] The announcement of her nomination also aroused harsh comments, like the one of Slate's Éric Dupin: "the world of finance that governs without ever having been elected"[10] —which is a reference to François Hollande's January 22, 2012 speech in Le Bourget. Minister of Finance and the Public Accounts Michel Sapin addressed the critics by saying: "Competences are back."[11] The coincidence of the nomination and David Azéma being hired by Bank of America in July 2014 aroused comments about a "shameless criss-crossing between Bank of America and the socialist power" (Laurent Mauduit).[12]

On December 26, 2014, Boone's position was renamed "special advisor for multilateral and European economic and financial affairs", sherpa of François Hollande, as a part of a series of decisions made to "simplify" his cabinet.[13] During the Greek government-debt crisis, she helped to convince him to keep Greece in the Eurozone.[14]

Boone took part in the 2015 Bilderberg Conference.[15][16]

Later career

Boone's resignation on March 14, 2016[17] to join AXA as a chief economist was announced in January of the same year.[18][19][20][21]

On June 5, 2018, Boone was appointed as chief economist of the OECD as a replacement to Catherine L. Mann. She took office on July 24, 2018.

Other activities

Personal life

Boone is married to Polytechnician Xavier Faure,[1] and mother of two children.[3]

References
  1. David Fontaine (June 25, 2014). "Laurence Boone: en tailleur Channel". Le Canard enchaîné (in French). p. 7.
  2. Emmanuel Jarry; Jean-Baptiste Vey (June 10, 2014). "Laurence Boone, nouveau conseiller économique à l'Élysée" (in French). Reuters. Retrieved July 16, 2014.
  3. Marie Visot (June 11, 2014). "Laurence Boone, une forte tête à l'Élysée". Le Figaro (in French). p. 38.
  4. "Laurence Boone". Le Cercle des économistes (in French). Retrieved July 16, 2014.
  5. "Laurence Boone". kering.com (in French). Retrieved July 16, 2014.
  6. "Kering : démission de Laurence Boone". Le Figaro (in French). June 12, 2014. Retrieved June 12, 2014.
  7. Arrêté du 12 juillet 2014 portant nomination à la présidence de la République
  8. "Hollande remanie l'Élysée et recrute Laurence Boone". Le Point (in French). June 10, 2014. Retrieved June 10, 2014..
  9. "Laurence Boone, une chroniqueuse de l'Opinion nommée à l'Elysée". L'Opinion (in French). 2014-05-26. Retrieved 2016-08-03.
  10. Éric Dupin (June 12, 2014). "Le "remaniement" de l'Elysée est la preuve que voter ne sert à rien". www.slate.fr (in French). Retrieved July 15, 2014.
  11. "La nouvelle conseillère économique de Hollande répond aux critiques". Le Figaro (in French). June 12, 2014. Retrieved July 16, 2014.
  12. Laurent Mauduit (June 13, 2014). "L'indécent chassé-croisé entre Bank of America et le pouvoir socialiste". Mediapart (in French). Retrieved July 15, 2014.
  13. "François Hollande boucle la réorganisation de son cabinet". La lettre de L'Expansion (in French). 2014-12-29. Retrieved 2016-08-03.
  14. "Laurence Boone", in "Les 50 Français les plus influents du monde". Vanity Fair (in French) (64). December 2018. p. 101.
  15. Pierre Breteau; Alexandre Pouchard (2015-06-12). "3 questions sur le très secret groupe Bilderberg, objet de fantasmes". Le Monde (in French). ISSN 1950-6244. Retrieved 2017-06-07.
  16. "Qui sont les dix Français invités du très secret groupe Bilderberg?". L'Express (in French). 2015-06-13. Retrieved 2017-06-07.
  17. Arrêté du 1er mars 2016 portant organisation du cabinet du Président de la République
  18. "Laurence Boone, la conseillère économique de François Hollande, quitte l'Elysée". L'Express (in French). January 11, 2016.
  19. "Laurence Boone quitte l'Élysée pour le Groupe AXA". Les Échos (in French). January 11, 2016.
  20. "La conseillère économique de Hollande quitte l'Élysée". Le Figaro (in French). January 11, 2016.
  21. "Fin du quinquennat : François Hollande recase ses proches et ses conseillers". Le Point (in French). May 18, 2016.
  22. Members of the Council European Council on Foreign Relations (ECFR).
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