Francois joins Morgan Stanley as global head of equity derivatives



Luc Francois, formerly head of global equities and derivatives solutions (GEDS) at Societe Generale Corporate and Investment Banking (SG CIB), and boss of rogue trader Jerome Kerviel, will begin work at Morgan Stanley on September 8 as head of European equities and global head of equity derivatives. Francois was the leading casualty of the global equities and derivatives reshuffle at SG CIB that followed discovery of the bank's EUR4.9 billion rogue trading losses in January this year.

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