Société Générale, Westpac, Merrill
Shake-up at SG follows rogue trader losses
Top management at Société Générale has been reshuffled in the wake of the rogue trades that 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
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