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In the arcane world of derivatives trading, banking has become a branch of applied mathematics. How do the managers cope? Rudi Bogni, of Swiss Bank Corporation, explains why he is going back to university

By Rudi Bogni   October 1995

I am a 47-year-old banker-chief executive of Swiss Bank Corporation in London, to be precise-and I have just decided that I need to go back to university for two years to study mathematics. Some of my friends think I am mad, and perhaps they are right. But perhaps something strange has happened to banking too.

It is hard to imagine that there is anything really new in banking. The tools of the trade have been around and in use, pretty much unchanged, for hundreds of years. Yet within the span of my own career, the world of international finance has…

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