Nick Leeson
Nicholas William "Nick" Leeson (born 25 February 1967) is a former derivatives broker whose fraudulent, unauthorised speculative trading caused the spectacular collapse of Barings Bank, the United Kingdom's oldest merchant bank, for which he was sentenced 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 and after-dinner speaking circuit where he advises companies about risk and corporate responsibility.
Early life
Leeson was born in Watford, where he attended Parmiter's School. After finishing school in 1985 his first job was as a clerk with a private bank, Coutts. He then moved to Morgan Stanley in 1987 for two years, and then to Barings in 1989.
Career
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 Singapore after he was denied a broker's licence in the United Kingdom because of fraud on his application. Neither Leeson nor Barings disclosed this denial when Leeson applied for his licence in Singapore.
Podcasts:
Famous quotes by Nick Leeson:
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I'm A Mineralist
by: Nick Mason(Bley)
Here's a shocking revelation for you voyeurs
Such a heinous deviation, these are no clues
I'm a Mineralist, I'm a Mineralist
Just the thought of ironing gives me spasms of lust
I creep up to old wrecked cars and lick off the rust
I'm a Mineralist, I'm a Mineralist
Mother used to try to metal in my affairs
Keep your nose up off that grindstone, people
Will stare
Get the lead out of your pants and change your
Underwear
I've been stealing baby bottles since I was born
I'll go blind from balling bearings, doctors have
Warned
I like making out with steel-rimmed glasses
More than horned
Erik Satie gets my rocks off, Cage is a dream
Phillip Glass is a Mineralist to the extreme
I like tickling ivories and fingering stones
When my mercury goes up I play with my bone
Peole take for granite my perversion is wrong
I'm not harming anyone by beating my gong
I'm a Mineralist, I'm a Mineralist
I'll make love to minerals as long as I can
And in fifty years I'll be a jaded old man
I'm a Mineralist, I'm a Mineralist