I never thought I’d write these words, but Nick Leeson – the original rogue trader – is back, baby! Well, kinda. It’s not like he’s slinging SWAPS on Canary Wharf or anything. But the man who famously destroyed Barings Bank and whose iconic SIMEX trading jacket sold for £21,000 in the aftermath is now back in the biz, albeit in a decidedly less prestigious role than he’s used to.
Mr Leeson is joining GDP Partnership to mediate on behalf of distressed borrowers with debts of more than €1m (£850,000) to find “the best possible outcome for both bank and borrower”, said Conor Devine, a chartered surveyor and one of GDP’s founding partners. Continue reading “Rogue Trader – Nick Leeson Back”