Discover your dream Career
For Recruiters
How to soothe staff after a disturbance.

French bank served placatory pizza after trading floor rumpus

The deputy CEO of a French bank is understood to have flown into London to soothe frayed nerves after an upset on the trading floor in recent weeks.

Multiple sources claim that traders at Credit Agricole in London were unsettled after an incident in which Thomas Spitz, the head of global markets sales berated a senior options trader for a recent loss.

It’s understood that the trader was subsequently sent home by global head of FX options trading, Behnouche Mostachfi, only to be recalled the following day. Neither Mostachfi nor Spitz have been seen on the floor much since the incident.

Credit Agricole declined to comment on the claims, which it described as market rumour. All three men are still understood to be employed by the bank.

Following the incident, sources say that Pierre Gay, head of the global markets division and deputy CEO of the corporate and investment bank, visited the trading floor and arranged for pizza to be served to the traders who were unnerved by the events. It's unclear whether the strategy worked, but pizza is at least cheaper than a Peloton for everyone on the floor. 

Photo by Foad Roshan on Unsplash

Have a confidential story, tip, or comment you’d like to share? Contact: in the first instance. Whatsapp/Signal/Telegram also available. Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

AUTHORSarah Butcher Global Editor
  • L
    6 April 2021

    I'm curious to know how the deputy CEO travels to the UK AND visits the trading floor given the current government restrictions!

Apply for jobs

Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Jobs
PER, Private Equity Recruitment
European Distribution Professional, Global Placement Agent, London, UK
PER, Private Equity Recruitment
London, United Kingdom
Capstone Investment Advisors (UK) LLP
2023 Investment Graduate Rotation Program
Capstone Investment Advisors (UK) LLP
London, United Kingdom