Who Are You Jerome Kerviel?

clipped from blogs.wsj.com Before today the world knew very little about Jerome Kerviel Only one Google reference we could find Here is what has emerged this morning on the latest entrant into the rogue (trader)’s gallery. Kerviel who turned 31 this month, Societe Generale in 2000 was working as a trader on the futures desk at the bank’s headquarters near Paris, according to The Wall Street Journal. He was apparently in charge of futures hedging for European equity market indexes The enormity of the losses caused by the Frenchman is inversely proportional to the size of his pay Kerviel earned less than 100,000 euros a year ($146,000), including bonus, according to Bloomberg Kerviel only moved to the trading floor from the back office in 2006 t was there, presumably, that he learned how to game the giant bank’s compliance system and cause a more than $7 billion write-down in the process A spokesperson for the bank told Bloomberg that Kerviel is “very quiet and a loner He had made his dream of becoming a trader come true.”