Nicholas "Nick" Leeson (born 25 February 1967) is a former derivatives broker whose fraudulent, unauthorized speculative trading caused the collapse of Barings Bank, the United Kingdom's oldest investment bank, for which he was sent to prison. Since leaving prison in 1999 he became, and subsequently resigned as, the CEO of Irish football club Galway United and is active on the keynote / after-dinner speaking circuit where he advises companies abo...
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Nicholas "Nick" Leeson (born 25 February 1967) is a former derivatives broker whose fraudulent, unauthorized speculative trading caused the collapse of Barings Bank, the United Kingdom's oldest investment bank, for which he was sent to prison. Since leaving prison in 1999 he became, and subsequently resigned as, the CEO of Irish football club Galway United and is active on the keynote / after-dinner speaking circuit where he advises companies about risk and corporate responsibility.
Leeson was born in Watford, where he attended Parmiter's School. After finishing school in 1985 he landed a job as a clerk with a private bank, Coutts. He then moved to Morgan Stanley in 1987 for two years, eventually ending up with Barings in 1989.
In 1992 he was appointed general manager of a new operation in futures markets on the Singapore International Monetary Exchange (SIMEX). Barings had held a seat on SIMEX for some time, but did not activate it until Leeson was sent over. Leeson was sent to...
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