
"The security situation in Syria, which is stabilising albeit with some ups and downs, is reviving the activity of intelligence and risk management firms, (...)In this context, the French company Axis&Co stands out by already operating in Syria on behalf of the World Bank, through its Lebanese subsidiary headed by Stéphane Ravion. (...)".
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"Stéphane Ravion, a former French journalist turned consultant who has been living in Lebanon for many years, has taken over as head of Axis Middle East. The Middle Eastern branch of the Paris-based business intelligence firm Axis&Co, founded by Bertrand de Turckheim and Jean-Renaud Fayol, is run from Beirut."
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"We conduct research on third parties, whether they are future partners or potential candidates. Companies often carry out these tasks under duress due to the duty of care incumbent upon them since the Sapin Law [law on transparency, action against corruption and the modernisation of economic life, editor's note]. With AI tools, they can comply at a lower cost." Jean-Renaud Fayol, managing partner of Axis&Co. AI thus appears to be a powerful lever for efficiency, but one that complements human expertise.
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Jean-Renaud Fayol, one of the founders of Axis&Co, is one of the ‘leading figures in business intelligence’ who were consulted by former Medef president Geoffroy Roux de Bézieux as part of an analysis of ‘France's economic security.’ His report was submitted to the President of the Republic in September 2024.

The French Military Intelligence Directorate (DRM) is increasingly relying on open-source research to monitor Russian jamming systems, particularly through the Cyberspace Research and Analysis Centre (CRAC).To process large volumes of data, the CRAC uses private-sector solutions, including the Elephantastic platform developed by the eponymous subsidiary of Altum&Co.
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Artificial intelligence is transforming economic intelligence by accelerating the collection and analysis of massive volumes of data, but it cannot completely replace human expertise, particularly when it comes to accessing sensitive or non-automatable data.Jean-Renaud Fayol points out that certain key information remains in the hands of a limited number of people who must be identified and persuaded to speak up.
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In a lengthy interview, the President of Altum&Co discusses his career, the history of the group he founded, and his vision of IE, inspired by the concept of just war. "Just war consists of asking the question of legitimacy for going to war, jus ad bellum, and the question of the means for pursuing it, jus in bello. Applied to IE, jus ad bellum applies in two situations. In the case of preventive intelligence, we talk about legitimate curiosity (...). In the field of investigation, we return to legitimate defence. Jus in bello obviously presupposes a legal context, otherwise we descend into espionage.
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In early 2022, the former holding company Fayol Turckheim & Associés was renamed Altum & Co and now brings together, in addition to the long-standing company Axis&Co, a subsidiary dedicated to influencer marketing, Advox&Co, and a cybersecurity company, Cartesian Lab. Altum is also a shareholder in Success&Co, a genealogical research company for inheritance matters founded by former Ministry of Defence official Guillaume Désert.
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Economic intelligence firm Axis & Co has recruited journalist Mélanie Delattre to develop its investigation division. Delattre, who left Le Point in December 2019 after nine years in the investigations department, will become project director in the investigation division of the company headed by Jean-Renaud Fayol on 1 October 2020. The former journalist has also worked with Mediapart, Vanity Fair and Les Dossiers du canard.
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For Bertrand de Turckheim, founding partner of Axis&Co and graduate of the École Polytechnique, intelligence is above all about understanding one's environment; it is situational awareness. (...) One of the difficulties lies in developing business in regions where working methods are not necessarily the same as in the Western world. Beyond the country profile, you have to anticipate what lies ahead, particularly with your local contacts and partners. As a preventive measure, compliance is now a real necessity (...)
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Axis&Co has positioned itself in the niche market of financial investigations for CAC 40 groups, particularly in high-risk areas and in the search for misappropriated assets, in Niger and Libya for example. It is headed by Jean-Renaud Fayol, a former military intelligence specialist, and Bertrand de Turckheim, an X-Télécoms graduate who was technical advisor to the DGSE's operations department before setting up the DRM's information system. Axis also acts in defence of companies targeted by hostile takeover bids. (...)

One of Axis&Co's co-founding partners, Nicolas de Rycke, is one of 33 contributors from the AEGE network who collaborated on this third edition of the ‘Economic Intelligence Handbook’ edited by Christian Harbulot. Its objective remains unchanged: to offer a clear and precise overview of the discipline, in all its diversity and depth of analysis.
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