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Societe Generale SA has declined to name the rogue banker at the center of the $7.2 billion in trading losses, but traders working in the Paris markets have identified him as Jerome Kerviel, 31, as did the Financial Times. Here's his resume:
KERVIEL Jerome
Jeromekerviel@hotmail.com OBJECTIVE Reach a position as a retail listed derivative products trader, managing a volatility and Delta One book EDUCATION MASTERS in Finance (Organisation and Control of financial makets) University of Lyon, September 2000 Bachelor Degree in Finance University of Nantes, 1996 1999 WORK EXPERIENCE Societe Generale S.A., Paris, France Trader and Market Maker for Delta One Products March 2004 - Today Trading : Market making of Listed Delta One products Including open end and closed end Turbos (Single Stocks, Index, Forex and Rate Futures), ETFs and secondary market for Certificates ETFs structuration - Management of the collateral with Lyxor Asset Management Development of managing tools (Excel VBA macro) New Underlyings Study to develop the product range Participation to the specification for the implementation of turbos to the Clickoptions platform Societe Generale S.A., Paris, France Trader Assistant - Basket Trading and Delta One Products August 2002 - February 2004 Valuation and Risk Analysis explanation for Basket Trading (Single Arbitrage book) and Delta One Products Strategies Backtestings Short positions hedge Process automation and managing tools development Societe Generale S.A., Paris, France Middle Office - Referential Team August 2000 - July 2002 Products modeling Process automation Excel macro Development for the exotic Desk Participation to the single referential project ACTIVITIES Judo - 8 years practice - Trainer for children Sailing SKILLS English : working language Microsoft Office Packge - Visual Basic Licensed for EUREX, XETRA, EURONEXT CategoriesComments
From: The Doc,
On est les champions, on est les champions, on es on est On est les champions!!!!!!!! Record du monde de pertes c'est impressionant dans un CV. Entre nous, il a prit des positions à risques phénoménales, mais la perte est due à l'incompétence du PDG qui a chié dans son froc pendant le week end et a provoqué de manière irresponsable la chute du marché mondial. Quand on a des positions prises de ce niveau on sait PERTINAMENT que l'on devient un "MARKET MAKER", c'est à dire un influenceur de marché. Faire une sortie brutale entrAine un plongeon des bourses car on influence les ordres à la vente. Dans ces cas là on sort de ces positions petit à petit sur une période ETALLEE DANS LE TEMPS. Si quelqun doit etre mis a pied c'est le CON qui a ordonné les sorties massives. Ce mec est un criminel boursier! The DOC
Posted on:
January 25, 2008 9:03 PM
From: sheriff,
I wonder how he would work out at real job? At least his replacement couldn't do any worse.
Posted on:
January 25, 2008 9:10 PM
From: Arthur,
Fraud??? Webster defines fraud as "intentional perversion of truth in order to induce another to part with something of value or to surrender a legal right". Who was induced? Who surrendered a legal right? Who beneffited from the "fraud"? How come that a 5 billion euro loss by the bank is "fraud" and a 2 billion loss by the very same bank is just "due to the sub prime crisis"? Where is the money? If it was fraud... someone has collected the proceedings, and the bank will recover the loss by getting it back from those who have no right to the money. Or wasn't it really a fraud?
Posted on:
January 26, 2008 10:51 AM
From: hazim,
salut jerome,
Posted on:
January 26, 2008 2:08 PM
From: Nicolas,
Working more to lose much more.
Posted on:
January 27, 2008 7:18 AM
From: Israel Beigler,
From Jerome ( the genius" till the CEO position, who else should lose their heads ?
Posted on:
January 27, 2008 8:38 PM
From: iskender,
Jerome show that uncontrollable power is not a power.
Posted on:
January 28, 2008 4:37 AM
From: Jean-Pierre Ady Fenyo,
I am The Original New York City Free Advice Man, and when I speak the world listens...or, at least, one-six-point-four-billionth, or so, of the world! First of all, to Jerome Kerviel: What were you thinking???????!!!!!! That you're efforts will bear great fruit and profits for your employers and account holders, and that you will sky-rocket up the ladder of corporate position, power, fame and wealth?!? Or are you part of some twisted conspiracy, some agenda....perhaps having something to do with 'Xenu' and the people who claim to be clear? Secondly, to Societe-Generale: How can such systemic failure happen so easily? Ultimately the Company's Gate-Keepers are responsible and should have learnt from what happened with that British banking bastion! My Free Advice: Confess!!! Repent!!! Face the firing squad!!! No. Really. Even I have no useful Free Advice for any of you...but at least I know my own limits! Vraiment fatigue avec tous les idiots avec beaucoup de argent mais sans sages!
Posted on:
January 28, 2008 2:22 PM
From: Monika,
Hi Jerome, Cheer up!!!!
Posted on:
January 30, 2008 4:05 AM
From: MAC,
Jerome i feel so sorry for you. no one will wake up one day and decides to let down shareholders and the organisation which he works for. it is just bad luck. but i would say always try to share your problems and try to figure out the end of a problem as soon as it starts. know what i mean, think outside the box. wish you a better start again.
Posted on:
January 31, 2008 5:11 AM
From: Vishal from India,
Some Smart people get into wrong things. I think there are big bosses involved in this and he would be hired by smart Investigating agencies. Cheers,
Posted on:
January 31, 2008 7:11 AM
From: Jerzy D.Juszczak,
Je vous fais confiance. Tout le monde attend votre livre a propos. - Jerzy D.Juszczak MERIPOL-VARSOVIE-POLOGNE
Posted on:
February 2, 2008 2:05 PM
From: CHKS,
I just want to know: Did Jerome get any of this money for himself. Or how will one defraud without getting any value. Yet Rules are Rules just learn from the eexperience. CHKS
Posted on:
February 4, 2008 7:44 AM
From: Jeremy,
La recherche d'un coupable trouvent toujours une fin. Il est très facile de remarquer une mauvaise pomme si vos racines sont malades.
Posted on:
February 6, 2008 1:13 PM
From: Thierry,
http://www.googlefight.com/index.php?lang=en_GB&word1=Daniel+Bouton&word2=jerome+Kerviel A made a quick google fight, Jerome you won against Boutin, goog luck
Posted on:
February 19, 2008 7:23 PM
From: James,
Now he's really on the chopping block: http://razume.com/resume/view/916
Posted on:
March 19, 2008 8:06 PM
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Hello Jerome,
c'est à peine croyable cette histoire,
défendez vous, si cette histoire est vraie,
adressez vous a un syndicat, pour faire face.
Bravo et bon courage.
Henri