Before today the world knew very little about Jerome Kerviel
who turned 31 this month,
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.”