Nicholas "Nick" Leeson (born 25 February 1967) is a former derivatives broker with no formal training as a dealer whose unsupervised and unauthorized speculative trading on Singapore's Singapore International Monetary Exchange (SIMEX) caused the spectacular collapse of Barings Bank, the United Kingdom's oldest investment bank. He is currently the CEO of Irish football club Galway United.
Leeson was born in Watford, where he attended Parmiter's Sc...
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Nicholas "Nick" Leeson (born 25 February 1967) is a former derivatives broker with no formal training as a dealer whose unsupervised and unauthorized speculative trading on Singapore's Singapore International Monetary Exchange (SIMEX) caused the spectacular collapse of Barings Bank, the United Kingdom's oldest investment bank. He is currently the CEO of Irish football club Galway United.
Leeson was born in Watford, where he attended Parmiter's School and excelled, becoming a prefect. After finishing school in 1985, having been in the Sixth Form, he landed a job as a clerk with an exclusive private bank, Coutts. He then moved to Morgan Stanley in 1987 for two years ultimately ending up with Barings in 1989.
In 1992, following his first marriage, 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...
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