The authority of the financiers of the marches has undergone a waltz of departures since January

Is there a hemorrhage of talent in the Autorité des marchés financiers (AMF)? Since the beginning of the year, several recognized experts in their field have left the square of the stock exchange, the headquarters of the regulator in Paris, to embark on a new adventure. Especially women. The latest to date is Anne Marshall, Director of Legal Affairs, according to Enarke, a former lawyer – she was a partner of the American firm DLA Piper from 2009 to 2013 – she took a position on the regulator nine years ago. She took care of the trials and worked on the works in Pari Square. Among the hottest cases she had to manage was the Veolia-Suez case, when the AMF had to resolve issues between two enemy brothers. According to our information, Anne Marshall is joining a French law firm.

ethics officer

Before her, her assistant Stephanie Cabossioras left the regulator in March. Departure, which is also controversial in Pari Square. In May last year, it joined Binance, a cryptocurrency platform registered by AMF as a digital asset service provider (PSAN) as its legal director. Former Judge of the Accounting Chamber Stephanie Cabossioras was involved in developing new rules for cryptocurrency players and answering legal questions from professionals. The AMF ethics officer believes that her new position does not put her in a situation of conflict of interest.

Around the same time, Julie Anside, responsible for stable finance at AMF, joined BlackRock’s asset manager as head of sustainable investment. Florence Priure, director of issuers, excluding insurance banks, and AMF for twenty-seven years, also left. At the end of 2021, Domitil Desertin, Head of Financial Technology at AMF, joined Euronext Paris.

Almost 10% of the workforce remained

According to a recent AMF annual report, in 2021, almost 10% of the workforce left the ship. A year earlier, this figure was only 7.75%. According to, the men also left: Julien Nivo, who a few weeks ago became head of legal affairs at Ledger, and Louis Charpentier, an analyst at DeFi & Crypto Financial Products at Coinhouse since September.

Why so many trips? “If the work is interesting, the salaries are not very high compared to the private sector, and the increase is not significant enough,” explains a lawyer in stock exchange law. “Also, the market is now extremely active. And not only in cryptocurrencies. Reconciliation operations are important, law firms are recruiting, ”he added. The relocation of teams from one of the two buildings in the Exchange Square, to which the Flex office is added, will also create tension.

These resignations also occur when Robert Ofel, the head of the AMF, ends his five-year term this summer. In July 2017, 44 people applied to replace Gerard Rame. Anne Marshall was one of them. Other candidates were surprised. Like Nicolas Mige, a spokesman who tried several times to run in the presidential election … And, above all, he was criticized three times by the AMF Sanctions Committee for failing to inform its readers of a conflict of interest. .

This year, I am not sure that recruitment will be as open as five years ago. This appointment could be made by the Minister of Economy, as it was before.