About us

Investment strategy consulting since 1986

LCV Research was set up in 1986. The publication produced in partnership with the French Association of Phd graduates in Economics.


From the outset, we have been dedicated to analysing and presenting global, cyclical and structural macroeconomic trends, for a client base of major corporations, corporate heads and investors.


Over many years, we have broadened our activity to include investment strategy consulting on a global scale, covering all asset classes (equities, fixed income, exchange rates, commodities, property, private equity, etc.), as well as training in economics and the financial markets.


A team of five economists/strategists 


Jean-Pierre Petit


Jean-Pierre has been Chairman of les Cahiers Verts de l’Économie since 2009. He was previously head of Economics and Strategic Research at Exane-BNP Paribas (1999-2008) and Deputy Head of Economics Research at BNP (1995-1999).


A graduate of Institut des Sciences Politiques in Paris, he also holds a post-graduate diploma (DEA) in international economics and a Master’s degree in law. He started his career at the Banque de France (1986 to 1994) and has also been a consultant for the IMF. He has written several award-winning books, including “La finance, autrement” (Dalloz, 2005), Prix Spécial Turgot, and “La Bourse, rupture et renouveau” (Odile Jacob, 2003), Grand Prix Turgot for the best financial economics book.


For six years in a row (2002-2007) Jean-Pierre Petit was named top market economist by the Extel-Agefi Grands Prix in France. He writes (or has written) for, inter alia, Le Monde, l’Expansion, l’Agefi, Le Figaro and Banque Magazine, and is a regular contributor on BFM Business, Radio Classique etc.


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Jean-Pierre Petit, économiste stratégiste

Marc de Scitivaux


Marc de Scitivaux is the founder of Socofi. He managed Les Cahiers Verts de l’Économie between 1997 and 2009. He was previously managing director of Cursitor-Cecogest (1988-96).

A graduate of Institut des Sciences Politiques in Paris, he started his career as a financial analyst at Indosuez. He then joined the Ministry for Industry (1978-1982) before being appointed Director of Development at Sofaris (1982-86). He was a project lead at the Ministry for Industry under Alain Madelin (1986-88).

He is a regular contributor to BFM Business, LCI, i>Télé, Radio-Classique, etc.



Marc de Scitivaux, économiste stratégiste

Raphaël Cesari


Raphaël joined Les Cahiers Verts de l’Économie in 2009 as economist /strategist. He was previously an economist at Exane-BNP Paribas (2007-2008) after starting out at asset management firm Montpensier Finance


He has a Master’s degree in economics and finance from the University of Paris-X Nanterre. He also was an exchange student at Stockholm University.


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Raphaël Cesari, économiste stratégiste

Xavier Denis


Xavier Denis started his career in 1992 as an Economist for the Banque de France, where he subsequently held various positions. Between 2002 and 2005, he was technical advisor to the French Minister for Small Businesses, responsible for new businesses and private equity. Between 2005 and 2007, he was an economist at the French Trade Commission in Shanghai. Before joining les Cahiers Verts de l’Economie in 2020, he had been Head of Investment Strategy at Société Générale Private Banking since 2008.


Xavier Denis is a graduate of Institut d’Etudes Politiques de Paris (Sciences Po). He also has an MA in Economics from NYU and a Master’s degree (DEA) in International Finance from the University of Paris-Dauphine.


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Frédéric Andrès, économiste stratégiste

David Hennequin


David joined les Cahiers Verts de l’Économie in 2015. He was previously economist/strategist at AG2R La Mondiale (2007-2015), after starting his career at Montségur Finance as assistant fund manager and at Société Générale CIB as internal auditor.


A graduate of the University of Paris I Panthéon Sorbonne, with a Master’s in Finance, he is also a member of the French financial analysts’ association (SFAF).


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David Hennequin, économiste stratégiste

Investment strategy

Contact us

Our strategist economists are at your disposal

+33 1 53 42 65 33 socofi@socofi.com


France's leading independent research company in macroeconomics and investment strategy.