Nick Leeson Net Worth is$9 Million
VN:F [1.9.22_1171]
deserves the money?
Rating: 0.0/5 (0 votes cast)
VN:F [1.9.22_1171]
Would you date ?
Rating: 0.0/5 (0 votes cast)
Profession: Banker, Chief Executive Officer, Trader
Date of Birth: Feb 25, 1967
Nicknames: Nicholas Leeson
Country: England, United Kingdom
Nick Leeson, a former derivatives broker from the UK who caused the collapse of Barings Bank has a net worth of $9 Million. He is best known for being the captain behind the demise of Barings bank by doing unauthorized speculative trading. It's all very complicated, but just known he was hiding losses and did so to pocket money for himself. This, of course, is the M.O. of many traders in the market today and essentially one of the main reasons for the current recession, as well as Enron's Collapse years ago. After realizing he was caught, he jumped around the world, trying to hide from his impending jail time, but to no avail. He was eventually captured in Germany and imprisoned for four years in Singapore, where his wife left him, he lost most of his money and became an HUGE outcast in the financial world, being the sole creator of destroying a 230 year old corporation. But, I have to admit, he did manage to rise (a bit) from the ashes. While in jail he wrote a book entitled, "Rogue Trader" which many people described as pompous, but did manage to land him a movie deal. The movie, with the same name came out in 1999 staring Ewan McGregor and Anna Friel. After his release in 1999, he remarried, moved to Ireland and continues to trade (with his own money this time) and do speaking engagements where he gets around $8,000 per presentation. Not bad for an hours work. Interestingly enough, a jacket that he supposedly wore while trading on the SIMEX in Singapore recently sold on eBay for an amazing $32,900... Crazy what people will throw money away on isn't it?
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 Singapore after he was denied a broker's license in the United Kingdom because of fraud on his application.[citation needed] Neither Leeson nor Barings disclosed this denial when Leeson applied for his license in Singapore.
In October 1994, Leeson was arrested in Singapore for an incident involving mooning.
From 1992, Leeson made unauthorized speculative trades that at first made large profits for Barings: lb10 million, which accounted for 10% of Barings' annual income. He earned a bonus of lb130,000 on his salary of lb50,000 for that year.
However, his luck soon went sour and he used one of Barings' error accounts (accounts used to correct mistakes made in trading) to hide his losses. The account was numbered 88888 - 8 being a number considered to be very lucky in Chinese numerology. Leeson claims that this account was first used to hide an error made by one of his colleagues; rather than buy 20 contracts as the customer had ordered, she had sold them, costing Barings lb20,00

Nick Leeson Latest News

Rogue trader Nick Leeson contemplated paying fellow inmates to kill him after he was jailed over collapse of Barings Bank

Rogue Trader' says he met Mafia-connected men who would do the deed It would have cost him £10,000 as he did not want to do it himself Amazingly, he spoke to wife and father about organising the hit for him Leeson, now 46, also commented on current ...
Posted: April 24, 2013, 11:51 pm

Better Together campaign donor is given Lordship in Cameron's final honours list

Lord Fraser was the head of Barings Securities in London at the time that rogue trader Nick Leeson’s unauthorised share trading activity led to the collapse of the old merchant bank. Since then he was worked for various hedge and investment funds.
Posted: October 21, 2016, 4:21 pm

MassMutual said seeking new London HQ for revived Barings brand

Barings was established in London in 1762 and collapsed in 1995 after fraudulent trading by broker Nick Leeson. Dutch lender ING Groep NV bought the bank for 1 pound ($1.22) before selling the asset-management unit, and the Barings brand, to MassMutual in ...
Posted: October 15, 2016, 9:28 am
Related Topics:
Businessmen, Businessmen Income, Businessmen Net Worth, CEOs, CEOs Income, CEOs Net Worth, How Much Is Nicholas Leeson Income, How Much Is Nicholas Leeson Net Worth, How Much Is Nicholas Leeson Salary, How Much Is Nick Leeson Income, How Much Is Nick Leeson Net Worth, How Much Is Nick Leeson Salary, How Much Is Richest Businessmen Income, How Much Is Richest Businessmen Net Worth, How Much Is Richest Businessmen Salary, How Much Is Richest CEOs Income, How Much Is Richest CEOs Net Worth, How Much Is Richest CEOs Salary, How Much Nicholas Leeson Worth, How Much Nick Leeson Worth, How Much Richest Businessmen Worth, How Much Richest CEOs Worth, Nicholas Leeson, Nicholas Leeson Age, Nicholas Leeson Background, Nicholas Leeson Bio, Nicholas Leeson Country, Nicholas Leeson Date Of Birth, Nicholas Leeson Ethnicity, Nicholas Leeson Height, Nicholas Leeson History, Nicholas Leeson Home Town, Nicholas Leeson Images, Nicholas Leeson Income, Nicholas Leeson Net Worth, Nicholas Leeson News, Nicholas Leeson Partner, Nicholas Leeson Place Of Birth, Nicholas Leeson Profession, Nicholas Leeson Salary, Nicholas Leeson Story, Nicholas Leeson Talent, Nicholas Leeson Videos, Nicholas Leeson Weight, Nick Leeson, Nick Leeson 88888, Nick Leeson Age, Nick Leeson And Barings Bank, Nick Leeson Autobiography, Nick Leeson Background, Nick Leeson Baltimore Ravens, Nick Leeson Baring, Nick Leeson Baring Bank, Nick Leeson Baring Bank Collapse, Nick Leeson Barings Bank Collapse, Nick Leeson Barings Bank Film, Nick Leeson Bio, Nick Leeson Biography, Nick Leeson Blog, Nick Leeson Book, Nick Leeson Cancer, Nick Leeson Case, Nick Leeson Case Study, Nick Leeson Conviction, Nick Leeson Country, Nick Leeson Crime, Nick Leeson Date Of Birth, Nick Leeson Divorce, Nick Leeson Documentary, Nick Leeson Ethnicity, Nick Leeson Ex Wife, Nick Leeson Film, Nick Leeson Football, Nick Leeson Height, Nick Leeson History, Nick Leeson Home Town, Nick Leeson Images, Nick Leeson Income, Nick Leeson Interview, Nick Leeson Ireland, Nick Leeson Jacket, Nick Leeson Linkedin, Nick Leeson Lisa, Nick Leeson Lisa Sims, Nick Leeson Money, Nick Leeson Movie, Nick Leeson Movie Rogue Trader, Nick Leeson Net Worth, Nick Leeson New Wife, Nick Leeson News, Nick Leeson Nfl, Nick Leeson Now, Nick Leeson Partner, Nick Leeson Pdf, Nick Leeson Place Of Birth, Nick Leeson Profession, Nick Leeson Quotes, Nick Leeson Rogue Trader Film, Nick Leeson Rogue Trader Pdf, Nick Leeson Salary, Nick Leeson Scandal, Nick Leeson Sentence, Nick Leeson Sheffield, Nick Leeson Short Straddle, Nick Leeson Story, Nick Leeson Strategy, Nick Leeson Talent, Nick Leeson Timeline, Nick Leeson Today, Nick Leeson Trading Jacket, Nick Leeson Trading Strategy, Nick Leeson Trial, Nick Leeson Twitter, Nick Leeson Videos, Nick Leeson Weight, Nick Leeson Wife Lisa, Nick Leeson Youtube, Richest Businessmen Age, Richest Businessmen Background, Richest Businessmen Bio, Richest Businessmen Country, Richest Businessmen Date Of Birth, Richest Businessmen Ethnicity, Richest Businessmen Height, Richest Businessmen History, Richest Businessmen Home Town, Richest Businessmen Images, Richest Businessmen Income, Richest Businessmen Net Worth, Richest Businessmen News, Richest Businessmen Partner, Richest Businessmen Place Of Birth, Richest Businessmen Profession, Richest Businessmen Salary, Richest Businessmen Story, Richest Businessmen Talent, Richest Businessmen Videos, Richest Businessmen Weight, Richest CEOs, Richest CEOs Age, Richest CEOs Background, Richest CEOs Bio, Richest CEOs Country, Richest CEOs Date Of Birth, Richest CEOs Ethnicity, Richest CEOs Height, Richest CEOs History, Richest CEOs Home Town, Richest CEOs Images, Richest CEOs Income, Richest CEOs Net Worth, Richest CEOs News, Richest CEOs Partner, Richest CEOs Place Of Birth, Richest CEOs Profession, Richest CEOs Salary, Richest CEOs Story, Richest CEOs Talent, Richest CEOs Videos, Richest CEOs Weight, Who Is Nicholas Leeson, Who Is Nick Leeson, Who Is Richest Businessmen, Who Is Richest CEOs,