Monday, April 8, 2013

Irony of the Day: A legendary rogue trader has a new job in finance

He is, as his new employer puts it, the man “famed for his role in the collapse of Barings Bank”. Investors and staff at what was once the City’s oldest merchant bank may not remember Nick Leeson in quite such glowing terms, but his new clients told BI  they see the £827m of trading losses he racked up in 1995 as a badge of honour.

After 13 years on the speaking circuit since being released from a Singapore jail, Mr Leeson has landed a job in financial services in Ireland as an alternative insolvency practitioner. He plans to help over-indebted borrowers negotiate a deal with their banks...

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