Equity derivatives house of the year

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Frank Drouet, SG

Société Générale

Who could have imagined Société Générale might one day benefit from the E4.9 billion ($6.4 billion) in losses racked up by Jérôme Kerviel in January 2008? However, the French bank rose like a phoenix from the ashes in Asia’s equity derivatives sector during the past 18 months, an achievement it attributes to actions taken following the Kerviel debacle.

“The Kerviel incident braced us for impact just as the world was about to crash,” says Frank Drouet, head of global equities an