Nick Leeson

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Nick Leeson
Occupation Trader
Location Galway, Ireland
Twitter @TheNickLeeson
Website www.nickleeson.com

Nick Leeson is a former trader for British merchant bank Barings Bank, which collapsed in 1995 after Leeson's estimated $1.4 billion in losses were discovered in an account he had hidden for most of the early 1990s. He traded for the bank on the Singapore International Money Exchange (SIMEX). After the scandal broke, Leeson fled Singapore and led police on a week-long search for his whereabouts. He was 28 years old at the time.[1][2]

Leeson ultimately served six and a half years in prison following his conviction. He now works as a speaker and has published two books.[3]

Background

Leeson was a manager of futures markets on the Singapore Monetary Exchange (SIMEX) for Barings, betting on Nikkei Index. He began his career as a clerk with royal bank Coutts, followed by a variety of banking jobs before he landed his position at Barings.

Following the fall of Barings and a battle with colon cancer, Leeson joined the Galway United Football Club as its commercial manager in 2005. He became the general manager later that year, and then CEO in 2007. He resigned in 2011, but maintains shares of Galway United and is an active representative with the Football Association of Ireland.[4]

Education

Leeson holds a bachelor's degree in psychology.

Publications

  • Rogue Trader, Warner (1997)[5]
  • Back From the Brink: Coping With Stress, Virgin Books (2010)[6]

References

  1. The Gambler Who Bet All of Barings's Chips; Trader Nicholas Leeson Lived the High Life -- and Lost a Billion. The Washington Post.
  2. Leeson denies trying to elude authorities. USA Today.
  3. The Greatest Financial Scandals: Nick Leeson. BusinessWeek.
  4. Nick Leeson: In Brief. NickLeeson.com.
  5. Rogue Trader. Amazon.
  6. Back From the Brink: Coping With Stress. Amazon.