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birdwatcherFeb. 13 (Bloomberg) -- Jerome Kerviel's unauthorized trading at Societe Generale SA ruined the chances of French bank clerks getting promoted to the trading floor, headhunters say.
``The middle office won't be a springboard to become a trader anymore,'' said Gael de Roquefeuil, an adviser for financial industry headhunting at Korn/Ferry International in Paris. ``Career bridges were already difficult and at least for the short term they are completely over.''
French traders are typically recruited from the elite ``Grandes Ecoles,'' such as the HEC School of Business on the outskirts of Paris, not the University of Lyon II, where Kerviel earned a Masters degree in banking support, the recruiters said.
``The middle office won't be a springboard to become a trader anymore,'' said Gael de Roquefeuil, an adviser for financial industry headhunting at Korn/Ferry International in Paris. ``Career bridges were already difficult and at least for the short term they are completely over.''
French traders are typically recruited from the elite ``Grandes Ecoles,'' such as the HEC School of Business on the outskirts of Paris, not the University of Lyon II, where Kerviel earned a Masters degree in banking support, the recruiters said.
