Man who brought down Barings bank now assists financiers recuperate funds released : 22 Mar 2023 at 15: 23 “I have likewise been on the other side of the formula and comprehend the psychology of some of the individuals included,” Nick Leeson states of his brand-new function as a monetary forensic professional. (Reuters File Photo) LONDON: Nick Leeson, the previous derivatives trader who infamously brought down Barings Bank almost 3 years ago, has signedupwith a business intelligence company to examine monetary misbehavior. The market enforcement system of London-based Red Mist assists financiers lookfor payment in court when regulators are notable to aid, Leeson, 56, stated in an interview. “I have likewise been on the other side of the formula and comprehend the psychology of some of the individuals included,” the one-time star trader stated. Leeson’s site explains him as the “original rogue trader”. He collected losses of about UnitedStates$1.4 billion when working for Barings in Singapore in 1995, leading to the bank’s failure and ultimate sale to ING for £1. A movie starring Ewan McGregor was made in 1999 based on Rogue Trader, his book about the scandal. Having served almost 4 years in a Singaporean jail for trying to cover up his bad trades, he now lives in the Irish city of Galway. There, he has worked for a financialobligation counselling business and Galway United Footba
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