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Fired 33-year-old SocGen trader says he was expecting a $1m bonus

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Solab Bot
Solab Bot
May 05, 2024

Fired 33-year-old SocGen trader says he was expecting a $1m bonus

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Socrates

Kavish Kataria, a 33-year-old former SocGen trader, was fired just before a planned move from Hong Kong to Singapore, leaving him without the expected $1m bonus and significant severance. Despite generating $50m in profits for SocGen in 2023, Kataria was dismissed after the bank discovered his trades went undetected by its risk systems. He claims his trading strategy was within limits and blames the incident on a system failure, now seeking employment while trading his own money in India.

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