Our economists are available on request to present at your events and bring you our latest views and opinions on a variety of topics ranging from the euro zone crisis, to new global trade routes, to emerging risks and opportunities. Our experts are widely featured in international media such as: BFM Business, Bloomberg TV, CNBC, CNN,  France 24, France Info, der Handelsblatt, Il Sole 24 Ore, Le Figaro, Le Monde,  The Financial Times, The New York Times, The Washington Post and so forth.



L Subran

Ludovic Subran, Chief Economist and Director for Economic research

Ludovic leads the Economic Research Team at Euler Hermes. This unique department bridges top-notch research on countries and sectors to provide our clients with best-in-class knowledge. Before joining Euler Hermes, Ludovic worked for prestigious institutions such as the French Ministry of Finance, the United Nations and the World Bank. Ludovic also teaches economics at HEC Business School. Ludovic is ranked in the top 100 French leaders of tomorrow; he often shares Euler Hermes' analyses with clients and the media.

Macroeconomic and Country Risk Research


Andrew Atkinson

Andrew Atkinson, Senior Economist for the Middle East and Africa

Based in London, Andrew joined Euler Hermes in 2004 after a prominent career in international banking. For most of his professional career as an economist, he has focused on country risk, particularly relating to Africa and the Middle East, with extensive travel to these regions. Andrew is also in charge of one of our flagship publication: the Weekly Export Risk Outlook.

Ana Boata

Ana Boata, Economist for Europe

Ana joined Euler Hermes in 2012 from the banking sector where she worked as the economist for Southern Europe and France. At Euler Hermes, Ana is responsible for short-term economic forecasts for most eurozone countries. Her areas of expertise also include the monitoring of public policies and their impact on growth trajectories and eurozone governance issues.

Mahamoud Islam

Mahamoud Islam, Economist for Asia

Mahamoud joined Euler Hermes in 2010 as an economist for OECD countries, including Europe. Before that, Mahamoud worked for the banking sector in Paris Mahamoud is now the regional economist for Asia Pacific and is in charge of macroeconomic and country risk analysis. Mahamoud has a keen interest in quantitative analysis, public policy and international trade.

Manfred Stamer

Manfred Stamer, Senior Economist for Emerging Europe

Based in Hamburg, Manfred focuses on Emerging Europe and Central Asia. He joined Euler Hermes Germany in 1998 as an economist in the Marketing Department. In 2003, he moved to the Risk then to Research to work on country risks in emerging Europe and emerging Asia. Manfred also oversees the country risk methodology at Euler Hermes.

Dan North

Dan North, Senior Economist for North America

Dan is the economist for the US and Canada, based in Owings Mills, Maryland. Dan has been with Euler Hermes North America since 1996, using macroeconomic and quantitative analyses to help manage the risk portfolio. Dan has appeared on a wide range of media both in the US and abroad and is a top speaker at trade groups, credit managers’ associations, often meeting with clients, and prospects throughout North America.

Sector and Insolvency Research

Maxime Lemerle

Maxime Lemerle, Head of Sector and Insolvency Research

Maxime joined Euler Hermes in 1993 as a credit analyst for Euler Hermes France, specializing on the food and retail sectors. He then moved to the Research team in 1999, first working on sectors, then on macroeconomic analyses, before becoming the team leader for global forecasts. Maxime now leads cross-cutting sector and insolvency research and is in charge of sector risk ratings.

Yann Lacroix

Yann Lacroix, Sector Advisor for Automotive and Steel

Yann started his career at Euler Hermes in 1988 as a credit analyst. He has then held managerial positions in various Regional Risk Offices throughout France. Yann then became the head of special risks for Euler Hermes France before joining the Research Department. He is a specialist in corporate finance. Yann is featured widely in the French media.

Bruno Goutard

Bruno Goutard, Sector Advisor for Agrifood and Air Transportation

Bruno started his career as a credit analyst. He then joined Euler Hermes France as an underwriter in the risk department. From 2009 to 2013, Bruno was posted in the US where he produced analyses on global sectors and US-specific industries. Bruno also has a keen interest in commodities markets and the retail sector.

Marc Livinec

Marc Livinec, Sector Advisor for Chemicals, Pharmaceuticals and Energy

Marc started working for the French subsidiary of Euler Hermes as a financial analyst until 2005. He then moved to the Economic Research Department where he has been developing in-depth knowledge of the chemicals and pharmaceuticals sectors. He is also an advisor for energy-related for the Euler Hermes Group.

Didier Moizo

Didier Moizo, Sector Advisor for IT, Electronics and Construction

Didier began his career in 1984 as a Corporate Relationship Manager and has worked for various financial institutions till he joined Euler Hermes in 1991, as an underwriter. Didier has also participated to the design and implementation of Euler Hermes' risk database in both Belgium and France, before he joined the Economic Research Deparment in 2004.


Martine Benhadj

Martine Benhadj, Graphic Designer

Martine is in charge of the production of all publications by the Economic Research Department. She started her career at Euler Hermes in 1973 within the Risk Department. She successively worked for Claims and Collections, and Accounting before joining the Economic Research Department. In 2013, she successfully rebranded the Department's product suite.