Our governance

Bertrand Dumont has headed up the French Treasury since 12 January 2024. He is assisted in his duties by a Deputy Director General, Muriel Lacoue-Labarthe, who was appointed on 4 January 2021. Dorothée Rouzet serves as Chief Economist.

Directorate General

Bertrand Dumont, Director General of the Treasury

Bertrand Dumont is a graduate of the Ecole Normale Supérieure and the Ecole Nationale d'Administration, as well as having an agrégation in history.

He began his career at the French Treasury, where he was successively responsible for restructuring sovereign debt within the Paris Club secretariat and for managing the State's treasury position. He then spent two years as Alternate Executive Director for France at the International Monetary Fund in Washington.

In 2007, he joined the private office of Christine Lagarde, Minister for the Economy, as international adviser, where he was responsible in particular for the French Presidency of the European Union.

In 2010, he was appointed to the cabinet of Michel Barnier, European Commissioner for the Internal Market and Services, and worked on implementing the financial regulation decisions taken in the wake of the 2008 financial crisis. As part of this mission, he was also responsible for setting up the Banking Union. He became Michel Barnier's chief of staff in 2014.

After two years at HSBC Bank as director of prudential management, he was called to work for Bruno Le Maire as deputy chief of staff in May 2017.

He returned to the Treasury in 2019 as deputy director general, working alongside Odile Renaud-Basso.

He had headed Bruno Le Maire's office since 2020.

Muriel Lacoue-Labarthe, Deputy Director General of the Treasury

Muriel Lacoue-Labarthe is a senior civil administrator. She has served as  Head of the “Merger Control and State Aid” Unit at the Directorate General for Competition Policy, Consumer Affairs and Fraud Control (DGCCRF) (2004-2005), National expert seconded to the European Commission’s Directorate-General for Competition (2005-2007), Head of the “Single Market, Consumer Protection, Competition, State aid and Armament unit at the Secretariat General for European Affairs (2007-2010), Head of the European Strategy and Coordination Bureau at DG Trésor (2010-2012), Adviser on European and International Financial Affairs in the Private Office of the Minister for the Economy and Finance (2012-2014), Head of Division for European Affairs at  DG Trésor (2014-2016) and Adviser on Policy and Strategy at the European Commission’s Directorate-General for Economic and Financial Affairs (2016-2017).

From 2017 to 2020, she was Head of Division in charge of trade policy, investment and financial crime and, after 1 September 2020, Head of the Bilateral Affairs and International Business Development Department (SABINE) at DG Trésor. 

Dorothée Rouzet, Chief Economist

A graduate of the Ecole Normale Supérieure (Ulm) and the Ecole Nationale de la Statistique et de l'Administration Économique (ENSAE), Dorothée ROUZET holds a doctorate in economics from Harvard University. She began her career as an economic analyst for the Danube-Balkans region at the French Treasury, assigned to the Sofia Economic Mission (2006-2007), before becoming a lecturer in macroeconomic theory and capital markets at Harvard University (2008-2011).

An economist in the Trade in Services Division of the Organisation for Economic Co-operation and Development (OECD) from (2012-2017), she became senior economist in the office of Laurence BOONE, then Chief Economist of the OECD (March 2017-March 2020).

In March 2020, she was appointed macroeconomic adviser in the office of Bruno LE MAIRE, Minister for the Economy and Finance. Since June 2022, Dorothée Rouzet has been Chief Economist France at Citigroup. She was also a guest lecturer at ESCP Europe (2015-2017) and the University of Paris I (2017-2018).