Fraud-hit SocGen has been major award winner

PARIS (Reuters) - Financial industry awards have come thick and fast for Societe Generale, the French bank which revealed on Thursday a 4.9 billion euro (3.7 billion pound) fraud by one of its traders.

Equity Derivatives House of the Year, Best Commodity Derivatives Provider, Asia, Best Managed Accounts Platform are some of the accolades the French bank has won.

The investment banking arm has long been one of SocGen's fastest-growing and most profitable businesses, with SocGen having developed a world-leading position in equity derivatives.

Even after the credit market turmoil during summer 2007, industry magazines continued to rate SocGen as the best in its field, even better than the giants of Wall Street.

Just a month ago, IFR Magazine awarded SocGen its "Euro Bond House of the Year" award.

"This award highlights one of Societe Generale Corporate & Investment Banking's three areas of excellence -- Euro Capital Markets, Derivatives and Structured Finance," the bank said in a statement about the award.

Risk Magazine named the bank "Equity Derivatives House of the Year", while The Banker magazine named it as "Financial Institutions Group Asset-Liability Management House of the Year" in October.

(Reporting by Sudip Kar-Gupta; Editing by Quentin Bryar)