Shake-up at SG follows rogue trader losses

Top management at Société Générale has been reshuffled in the wake of the rogue trades which cost the bank €5 billion in losses this month.

Christophe Mianné, who was promoted to head of global markets last month, has now returned to head the global equities and derivatives division. His former co-head of global equities and derivatives, Luc Francois, took sole charge of the division after Mianné's promotion, but has now left the bank.

Olivier Khayat, formerly head of capital raising and financing, has moved to succeed Marc Breillout as head of fixed income, currencies and commodities - Breillout is also understood to have left the bank, but SG had not confirmed this at the time of writing.

Khayat's co-head of capital raising and financing, Jean-Luc Parer, previously global head of debt capital markets, will now take sole charge of the division.

See also:Questions remain over SG rogue trader
€4.9 billion fraud at Société Générale
SG CIB promotes Mianné

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here