Chairs in Applied Mathematics
> Changing Markets
The aim of the Chair in Changing Markets is to provide appropriate responses to new challenges in modeling and calculation, in the context of recent changes to the regulation of financial-market activity. The objective of the Chair is to help restructure the management of financial risks, which are both multiple and complex.
It focuses on post-crises markets; counterparty, funding, collateral and liquidity risk; the CDS markets (corporate and sovereign indices); and risk and regulation for high-frequency trading.
Holders: Nizar Touzi, Professor at École Polytechnique and researcher at the Center of Applied Mathematics (Centre de Mathématiques Appliquées - CMAP), Monique Jeanblanc, Professor at the Université d'Évry-Val d’Essonne and Nicole El Karoui, Professor at the Université Pierre et Marie Curie (UPMC).
Sponsor: The French Banking Federation (Fédération Bancaire Française - FBF)
> Mathematical Modeling and Biodiversity
The Chair of Mathematical Modeling and Biodiversity aims to develop a synergy between applied mathematics and ecology, centered around biodiversity.
The program forms part of an interdisciplinary approach to modeling ecosystems. It aims to respond to key environmental issues, such as ecological niches, adaptive evolution, space colonization, the analysis of community dynamics and constructing biodiversity scenarios.
This approach requires the creation of appropriate rigorous and innovative mathematical tools. One important objective is to develop new probabilistic models of evolution that better reflect the interactions and variations in scale of different ecosystems, thus enabling the dynamics to be predicted.
Holder: Sylvie Méléard, Professor at École Polytechnique
Sponsor: Veolia Environnement, Recherche, Innovation
Academic partner: Natural History Museum (Muséum d’Histoire Naturelle)
Partners to the Chair agreement: The École Polytechnique Foundation and École Polytechnique
> Find out more on the Chair's website
> Data Scientist
With the explosion in the volume of data, Big Data has become a technological, economic and organizational challenge for businesses.
At a time when businesses are faced with a shortage of specialists in Big Data, the Data Scientist chair will actively support the development of this sector of education and research within École Polytechnique.
-Training the next generation of " Data Scientists "
The purpose of the chair is to support training programmes in data sciences applied to " Big Data " through engineering training, jointly approved between École Polytechnique and Télécom ParisTech, so as to create a new recruitment pool for businesses.
-The chair will also support on-the-job training intended for working professionals. The teaching staff of this chair will include a professor-researcher and a systems engineer taking care of the IT infrastructure required for this type of training. The sponsoring partners Keyrus, Thales and Orange will offer training placements and will be involved in the training programmes, and they will also be able to grant scholarships and participate in award presentations.
-The purpose of the chair is also to encourage innovative and original research in data sciences applied to Big Data. The work associated with the chair will benefit from strong collaboration between IT specialists, applied mathematicians and players in the economic world.
Holder: Erwan Le Pennec, Associate Professor at the Applied Mathematics department of École Polytechnique
Sponsors: Keyrus, Orange, Thales
Academic partners: École Polytechnique
Partners to the Chair agreement: The École Polytechnique Foundation, École Polytechnique
> Finance and Sustainable Development
The objectives of the Chair of Finance and Sustainable Development are:
-To help objectify the arguments aiming to demonstrate that developing innovative quantitative and financial approaches is today not only necessary, but above all possible;
-To develop research methodologies in this area which better identify non-financial criteria for value creation and integrate them into the analyses.
The topics developed by the Chair are choosing appropriate ways to update the optimization criteria, the effect of interactions, and the financial markets for emission quotas.
Holder: Nizar Touzi, Professor at École Polytechnique and researcher in the Center of Applied Mathematics (Centre de Mathématiques Appliquées - CMAP).
Sponsor: EDF, Crédit Agricole CIB
Academic partner: Université Paris Dauphine
> Find out more on the Chair's website
> Financial risks
The Chair of Financial Risks meets the demands of the banking and insurance sectors, which are facing new issues such as risk management. The teaching is included in the existing master's degree programs, with the participation of guests from the Société Générale, and in new specially-developed modules.
The topics developed by the Chair comprise improvements to the digital methods used by financial institutions; the development of large-scale models based on random-matrix theory; the study of means to anticipate and control risks; the creation of new tools for statistical arbitrage, for pricing complex derivatives, and for research into credit derivatives.
Holder: Nicole El Karoui, Professor at the Université Pierre et Marie Curie (UPMC)
Sponsor: Société Générale (Institut Louis Bachelier)
Academic partners: École des Ponts Paris Tech and the Université Pierre et Marie Curie