FT Alphaville can reveal that the trader at the centre of the financial scandal engulfing Société Générale is 31-year-old banker Jerome Kerviel.
Mr Kerviel, who worked in the bank’s Delta One products team in Paris, was responsible for what looks set to go on record as the largest financial fraud of all time, masking huge positions he’d built in equity derivatives, which resulted in a loss of €5bn announced by SocGen on Thursday morning.
SocGen’s Delta One business includes programme trading, ETFs, swaps, index and quantitative trading.
It is thought that Mr Kerviel joined the bank in the summer of 2000. He could not be reached for comment. SocGen declined to comment.
More on SocGen’s rogue trader on FT.com
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