SocGen Traders in Asia Exit After Options Bets Go Undetected (1)

A pair of traders in Hong Kong have left Societe Generale SA after the French bank discovered a batch of risky bets that went undetected by the firm’s risk-management systems, according to people familiar with the matter.

Kavish Kataria, a trader on the bank’s Delta One desk, departed last year along with team head Ken Ng after an internal review of the transactions, said the people, asking not to be identified as the details are not public.

While SocGen didn’t lose any money from the transactions, the trades could have cost the Paris-based lender hundreds of millions of dollars ...