Pressure, pace, error: ROGUE TRADER grippingly tells the inside story of how the greatest gamble ever made rocked the City of London to its foundations. Crackling with tension, in a narrative as crisp as any thriller, Nick Leeson's autobiographical account reveals how he 'lost' GBP800 millions as General Manager of Baring Futures Singapore through foolhardy speculations on behalf of his employer, Barings Brothers - the world's first merchant bank. As Leeson's audacity escalated, so did his losses while London continued to pour money down the drain. ROGUE TRADER is a dazzlingly revealing story of a man shaped by events that proved beyond his control.
About the Author
Nick Leeson was born in Watford in 1967 and after a stint at Morgan Stanley joined Baring Brothers in 1989. His immediate success led to his transfer to Singapore. The rest is history. In August 1998 it was revealed that he has contracted cancer.
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Reviews
'Hair-raising...as revealing a document about contemporary Britain as all 2,000 pages of the Scott Report' - OBSERVER 'The story of Leeson and his bride has it all: filthy lucre, brazen abuse of power, and boy-meets-girl romance' - SUNDAY TIMES 'Simultaneously entertaining and appalling' - FINANCIAL TIEMS
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Reviews
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When I picked this book up , I could not put it down. It is an amazing story of how something small can quickly turn into something very big and out of hand! The figures Nick writes about about are so dazzling, that you almost admire him for coping with the stress. I found it very interesting that Nick himself did not make any money from his fraud, but genuinely thought he could make up the losses for the bank. This story also shines light on how incompetent barings was and that profit , not people were their bottm line. Fab story!
This is one of the best, most gripping biographies that I have read in a long time - and certainly the best account of this particular story. Nick Leeson is surely one of the most infamous person in modern banking and this book really lifts the lid on Nick's life - providing insight into his personal life as well as detail his mighty fall (taking Barings with him). It is amazing to read about how small losses turned large when the cocky trader thought he could hide basic errors (which would normally be declared and remedied with a slap on the hand). Excellent. This book will never date and is interesting for bankers and people looking for an genuinely intriguing and exciting story.
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