LONDON - Mr Nick Leeson, the former derivatives trader who brought down Barings Bank, has joined a corporate intelligence firm run by former Black Cube operative Seth Freedman.
Mr Leeson, 56, will investigate financial misconduct with the London-based Red Mist Market Enforcement Unit to help investors seek compensation in court when regulators are unable to help, he said in an interview.
"I have also been on the other side of the equation and understand the psychology of some of the people involved," the one-time star trader added.
Mr Leeson's website describes him as the "original rogue trader"”.
He amassed losses of about US$1.4 billion (S$1.88 billion) when working for Barings in Singapore in 1995, leading to the bank's failure and eventual sale to ING Group for £1 (S$1.60).
A film was made in 1999 based on his book about the scandal, starring Scottish actor Ewan McGregor.
Esta historia es de la edición March 23, 2023 de The Straits Times.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición March 23, 2023 de The Straits Times.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
Mbappe says people, issues made him unhappy at PSG
Real Madrid attacker Kylian Mbappe said on June 4 \"things and people made me unhappy\" at Paris Saint-Germain before he signed a five-year deal with the Spanish club.
Fernandes on the double, praises 'electric' winger
Manchester United midfielder Bruno Fernandes came off the bench to score twice and help Portugal kick off their Euro 2024 preparation with a 4-2 win over non-qualifiers Finland on June 4.
PAOLINI'S PLEASURE AND PRIVILEGE
Italian stuns Rybakina and will play another shock semi-finalist Andreeva for final spot
DAU RUNS 1,000KM IN 12 DAYS
She sets record for Thailand to S’pore ultramarathon, raises 50k for charity
NO SHOCK IF SILVER BOWL TURNS INTO POT OF GOLD
Trainer Koh’s last-start winner Flying Nemo humming along nicely for Group 3 feature
Tencent moves into CapitaSky tower to consolidate more staff
Chinese tech giant Tencent Holdings has moved into a new space at a prime office tower in Singapore to bring together more employees in the Republic.
Australia economy slows to a crawl in Ql as inflation persists
Australia's economy slowed to a crawl in the first quarter of 2024 as high borrowing costs and still-elevated inflation put the brakes on consumer spending, even as the prospect of relief on interest rates remains a distant one.
S'pore stock index in the red after April retail sales dip 1.2%
Shares went south on June 5 afte disappointing retail sales in Apri gave already-nervy investors al the more reason to take a cautionary approach.
S'pore will continue to strengthen disease surveillance: Ong Ye Kung
It is sharing key info although a pandemic cooperation pact remains elusive
NZ crash that killed three S'poreans a reminder to not drive when tired: Coroner
Report says fatigue a likely factor in 2023 accident that killed NUS undergraduates