Rogue ex-Barings trader Leeson launches risk management firm

Launches Risk Team with former banker

The rogue trader who brought down Barings Bank is back with a new venture aimed at helping companies avoid the kind of risks his former employer failed to.

Nick Leeson has joined forces with Mike Finlay, a former banker who works in operational risk management, to launch Risk Team. According to the pair, it is a specialist education, advisory and investigation firm, which focuses on raising risk awareness with firms around human behaviour, culture, conduct and corporate governance issues. Twenty years ago this year, Leeson's actions at Barings Bank caused the collapse of an institution that was over 200 years old. The bank suffered losses of £827m resulting from poor speculative investments, primarily in futures contracts, by Leeson. ...