Losing your Barings - lessons from the original rogue trader Nick Leeson
About this episode:
In trading and markets, pain is a great teacher. So what does it feel like to lose everything? To bring down a two-century old Merchant bank? The Artful Trader’s Michael McCarthy sat down with Nick Leeson, the original rogue trader whose unchecked risk-taking caused the collapse of Barings Bank in the biggest financial scandal of the 20th century. Nick Leeson describes the process of soul-searching while in prison, rebuilding his life and how he now shares lessons about risk management to banks and corporations.
Nick Leeson
Nick Leeson is the original rogue trader, whose unchecked risk-taking and drive for success caused the collapse of England’s oldest merchant bank, Barings – arguably the biggest financial scandal of the 20th century.
Nowadays, Nick Leeson is on the talking circuit and consults big banks about risk management, sharing the highs and lows from his life experiences.