Home >> ABOUT NATIXIS >> Foundation >> Grand Prix Louis Bachelier Natixis – French Academy of Sciences

Grand Prix Louis Bachelier Natixis – French Academy of Sciences

Grand Prix Louis Bachelier Natixis – French Academy of Sciences

The Grand Prix Louis Bachelier Natixis – French Academy of Sciences is awarded every two years, jointly with Société de Mathématiques Appliquées et Industrielles (SMAI - equivalent of the Royal Society for Applied and Industrial Mathematics).

The prize rewards a researcher aged under 45 with international academic and professional recognition for her/his contribution in financial mathematics and applications to financial modeling, insurance, risk management, and scientific computing applied to finance and insurance.

 

Prix 2014

 Josef Teichmann version-site

Josef Teichmann, professor of Mathematical Finance at the Swiss Federal Institute of Technology in Zurich (ETH Zurich), which he joined in 2009 after nine years at Vienna University of Technology.

 

His research in mathematical finance is focused on term structure problems : term structures appear in interest rate markets, or option markets, where comparable products with different maturities are actively traded, e.g., government bonds with different maturities.

The contribution of mathematical Finance is twofold : first, we provide, analyse and implement new quantitative models built upon most modern mathematical methods to better describe all sorts of risks of the economic systems surrounding us, and, second, we educate our students to apply these models in financial industry in a responsible and critical way. I am honored and extraordinarily happy to receive this prize and I am very grateful to the Academie des Sciences, the Natixis Foundation and SMAI for recognizing the contribution of our fields with this prize" declared Josef Teichmann.

More information on Press release, October 14, 2014.

 

2012 Prize

Nizar Touzi

Nizar Touzi, professor at Ecole Polytechnique where he is vice-president of the applied mathematics department, co-head of the chair “Derivatives of the Futur” and vice-president of the chair “Finance and Sustainable Development”.

 

His research focuses on the management of financial risks under market imperfections and model uncertainty, together with the related numerical approximations methods.

“Assessing financial risks is a major challenge for both banks and regulators that involves several areas of mathematical sciences. Receiving this prize from the Académie des Sciences, the Natixis foundation and SMAI in recognition of this evolving branch of research, honors me greatly”, declared Nizar Touzi.

More information on Press release, October 16, 2012.

 

2010 Prize

In consultation with the French Academy of Sciences, the 2009 edition of the Grand prix, originally scheduled in 2009, was postponed one year due to the world financial crisis.

Rama Cont, Research Director at CNRS in the department of probabilities and stochastic modeling of University Pierre & Marie Curie (Paris VI), which he joined in 2009 after spending four years at Colombia University (New York).

His research concerns modeling extreme risks –discontinuity, systemic risk, endogenous risk- in financial markets.

“The mathematical and economic modeling of financial risks is a major challenge for research and concerns several areas of mathematical sciences. I am honored to receive this prize and grateful to the Académie des Sciences, the Natixis foundation and SMAI to recognize this evolving branch of research with this prize”, declared Rama Cont.

 

 

2007 Prize

Huyen Pham, professor at University Paris VII in the Probabilities and Stochastic Modeling research laboratory and junior member of the Institut Universitaire de France since 2006.

His major contributions concern the use and development of stochastic control methods to determine investment or risk hedging optimal strategies in the areas of finance and insurance.