Managing Directors

Antoine Deruennes
Chief Executive

Antoine Deruennes was appointed Chief Executive of Agence France Trésor on 5 October 2023.

M.Deruennes is a graduate of the École polytechnique, the London School of Economics and the École nationale de la statistique et de l'administration économique (ENSAE). With over twenty years working on economic and financial topics in central government and at the European Commission, he spent a significant part of his career at the French Treasury, which he joined in 2008.

After an earlier spell at the AFT as Deputy Chief Executive from 2016 to 2019, Antoine Deruennes was appointed Head of the Public Policy Department within the French Treasury in January 2020 to advise the Minister for Economy and Finance on public finances and on economic challenges in the areas of employment, taxation, green transition, social and sectoral policies.

Appointment order of the Prime Minister and the Minister for the Economy and Finance, dated 5 October 2023 (French only)

 

Pierre-Eliott Rozan
Deputy Chief Executive

Pierre-Eliott Rozan was appointed  Deputy Chief Executive of Agence France Trésor on 1 September 2025.

A former student of both the École nationale d'administration (ENA) and the Institut d'Etudes Politiques de Paris (Sciences Po), he joined the Treasury Directorate-General in 2014. 

There, he held various positions within the Multilateral Affairs and Development Department and the Financial Sector Department, in the Financial Markets Sub-Directorate. He then served as Alternate Executive Director for France on the Executive Board of the International Monetary Fund until 2021. 

He then became Head of the Direct Export Financing unit before taking up the position of Head of the Trade Policy, Strategy and Coordination unit.

Appointment order of 1 September 2025 (central administration) (French only)