Nick Leeson
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Former rogue trader responsible for the collapse of Barings Bank
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Best selling author and subject of Hollywood movie, Rogue Trader
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Sought-after speaker on accountability, ethics, compliance and risk management
Nick Leeson, the “rogue trader” that broke Barings Bank is one of the most sought-after speakers on the global speaking circuit. The collapse of Barings Bank in 1995, and Nick Leeson's role in it, remains one of the most spectacular debacles in modern financial history.
How could one trader, an ambitious 25 years old investment broker, bring down the banking empire that had funded the Napoleonic Wars and counted the late Queen Elizabeth II as one of its private customers?
The young gambler who found himself sucked into a terrifying spiral of loss was a working-class boy from Watford, north London, who lived out of his depth, high in an upper-class world, until his unchecked gambling caused the downfall of Barings Bank and caused chaos in the Singaporean money market.
Sentenced to six and a half years for fraud, Nick spent four and a half of those incarcerated in a Triad gang-ridden Singaporean prison, locked up 23 hours a day, most days, in 100+ degree heat. He was eventually released early on compassionate grounds, due to battling colon cancer, on July 3rd 1999 and extradited back to the UK. At that time his oncologist gave him a 60% chance of surviving another five years.
More recent cases such as Allied Irish Bank, Societe Generale (2008), UBS (2011) and FTX (2022) simply highlight that loopholes haven't been closed. In an exclusive interview for the BBC with Huw Edwards, Nick commented "I think rogue trading is probably a daily occurrence amongst the financial markets. Not enough focus goes on those risk management areas, those compliance areas, those settlement areas, that can ultimately save them money."
Despite more audacious and larger scale incidents of rogue trading since the collapse of Barings, Nick Leeson remains the most infamous and high-profile rogue trader and one of the world's most sought-after keynote speakers within the corporate sector.
The late Sir David Frost, who interviewed Nick whilst in the Frankfurt prison, optioned the rights to his story and in 1999 the Hollywood film “Rogue Trader” was released as a dramatisation of his story and starred Ewan McGregor (Star Wars, Trainspotting) with Anna Friel (Marcella, A Midsummer Night's Dream, Pushing Daisies) portraying his wife at the time.
These events with Nick Leeson represent a unique opportunity for people to meet and question the main protagonist in the largest and most significant financial scandal of the 20th century and gain his personal insight into the current economy and the world today.
Nick Leeson speaks regularly around the world to companies and organisations from all industries and corporate sectors including financial institutions, insurance companies, aerospace, the retail sector, law firms, media organisations, security firms, the IT sector and educational facilities including MBA business schools and universities.
“The Failings of Barings Bank - Risk, Compliance & Transparency; How It Is Still Relevant Today?”
Following the worst global recession on record and in the aftermath of the AIB trading scandal in New York, together with the collapse of Lehman Brothers, Enron and Worldcom, Nick Leeson provides a fascinating insight into the continuing failures of senior and middle management at large corporations around the world who still fail to adequately protect shareholders and customers.
Topics covered by Nick Leeson within his standard presentation include:
• Risk Management
• Corporate Responsibility & Governance
• Compliance, Control and Transparency
• Importance of Communication and Information Sharing
• Knowledge is Nothing Without Understanding
• Creating The Right Culture in The Organisation
• Transparency Will Outlast Charisma - The ‘Celebrity’ Culture
• Technology - Focus on Analysis and Correlation, Not Just Alerts
• Information to Safeguard is Always there, its Just Whether or Not You Use it
“Rogue Trading: My Story - An Insider's Perspective by Nick Leeson”
When a keynote speech is a little on the heavy side, Nick Leeson offers an after dinner presentation which is his own personal story and account of the collapse of Barings Bank.
It has a number of human interest aspects that will astound any audience, so his talks are far from restricted to the world of suits and power lunches that he used to frequent in the early 1990s.
Nick speaks openly and candidly about Barings Bank and the lack of accounting safeguards that ultimately led to the bank’s collapse, his capture and confinement for 9 months in a Frankfurt prison before being extradited and sentenced by the Singapore court for forgery and cheating. It includes his personal account of spending four and a half years in a gang-ridden Singaporean Jail, the stress of going through divorce and beating colon cancer whilst still in jail and in treacherous conditions.
Where conditions and time allow, Nick often incorporates video clips into both his keynote and after dinner speeches. These contain a mix of real-life interviews with the Barings management following the collapse, news reports at the time from around the world and also extracts from the 1999 Hollywood movie and dramatisation of Nick’s book Rogue Trader starring Ewan McGregor.
Keynote speaking clips
Exclusive interview with Nick Leeson
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We had some really positive feedback from our attendee survey which highlighted Nick's keynote as one of the most engaging & interesting sessions… his openness to take on any questions was greatly appreciated, plus the flexibility with which Nick approached his session, working well to the time and taking part in the interactive fireside Q&A.
We wanted a different approach to our Compliance training this year, which Nick Leeson provided. His session was highly thought provoking and Nick painted a stark picture of the devastating effects of failing to take the right approach to risk management and compliance. Challenging, stimulating – and entertaining. Many thanks.
There was some doubt within our organisation if we had made the right choice with Nick Leeson speaking at our client event. However in short – Nick has evaporated all that doubt and his speech was very well received, by our clients as well as SimCorpers.
His messages were spot-on for the theme of the conference. And internally: ‘Picking Nick Leeson as a keynote speaker was a bold move from the marketing team and one that paid off. He talked to a standing room only audience, was very honest and left us all with something to think about around compliance and risk.’ Please thank Nick for making a difference to this year’s conference.
Once again, I wanted to thank Nick Leeson for coming to speak at our Financial Services Away-Day. Speaking to my colleagues afterwards, they all enjoyed his very timely observations about the continued challenges of risk management at many leading financial institutions. Nick Leeson's talk also fitted in very well with our own internal discussions about how we can best help our clients in these times of economic uncertainty.
Nick captivated the room, speaking openly and honestly from his experiences and giving great insight into how innocuous, if unwise, decisions can add up to catastrophic headlines. Anybody with any responsibility for implementing or using risk controls should take heed of his stark warning as to how ticking boxes cannot stand in for a rigourous understanding of the underlying business. Thought-provoking and eye-opening!
I lost count of the number of people who have told me how much they enjoyed your speech earlier this week at the Finance Leaders day at IBM Business Connect 2016.
Your story is a fascinating one and you make it very easy for your audience to imagine themselves in your shoes: there but for the grace of God goes many an unsuspecting person, I think. Your contribution to the day was even more powerful than I had expected and the audience were engaged in a way that I have rarely seen at similar events.
Nick Leeson was informative, engaging and entertaining! He has an amazing story to tell and does a very good job of telling it. Not only that, Nick goes the extra mile and spent a lot of time with our guests before and after the event, He was great value for money.
Nick Leeson was an excellent speaker. A story told in such a humble way, honest and to the point. A real insight into how things can go drastically wrong and the resulting consequences.
How to book Nick Leeson for your event
To book Nick Leeson, please submit an online enquiry to booking.agent@nmp.co.uk or contact one of our booking agents on +44 (0)20 3822 0003.
Whistle-blower and former President and CEO of Olympus Corporation
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International expert on money laundering and white-collar crime
Stand up comedian, presenter and identity theft expert
Adventurer, ultra-endurance athlete and co-founder of a mental health charity