Rogue trader named

The rogue trader who gambled away €4.8bn of France's second biggest bank on the world markets was named by the Financial Times newspaper as Jerome Kerviel, a Frenchman in his thirties who joined SocGen in 2000.

The paper said he worked for three years in the bank’s back office before being promoted two years ago to the Delta One trading desk, handling proprietary deals in futures for European stock indices.

He was based in SocGen’s Paris headquarters at La Defense.

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