10 December, 2005

-image-rouge trader redux

Sometimes a personal setback can be so massive that it leads to thoughts of suicide. That’s always a bad way out. Something that Jilin City deputy mayor Wang Wei should have kept in mind is the story of Nick Lesson.

Lesson has quite recovered from bankrupting one of the UK’s most-reknowned banks, a four-year long lock-up in Singapore, a divorce and cancer. He’s now doing quite decently for himself. He’s managing an Irish football club, getting speaking gigs on risk management and has published a book on dealing with stress.:

Coping With StressWith the story of the rogue Chinese copper trader still unfolding, readers may be interested in this interview with former trader Nick Leeson whose incorrect bets on the Nikkei toppled Britain’s famous Barings bank, and landed him in a Singapore prison for over 4 years. While in prison, he was divorced by his wife and developed cancer (they kept him chained to his bed, while he got treatment). Now, he’s living in Ireland and working as the general manager of a football club, doing the occasional speaking gigs on (of course) risk management:

What was it like being at the centre of such a phenomenal manhunt while you were on the run in the Far East?

It was terrifying. The first I knew that the bank had gone under was at the Shangri-La Hotel in Borneo.

I saw the Asian Wall Street Journal and the headline “British bank collapses”. My first thought was: “Someone’s in trouble”. I genuinely didn’t think it was me because I thought Barings could recover

I began speed reading the story and my memory goes blank after that moment because I think I went into shock.

The key plan was to get home. I was very, very scared about being caught and going to prison in Asia. I had to go from Brunei to Bangkok to Abu Dhabi and then Frankfurt. By that time my picture was on every front page and every TV screen in every airport. I had my baseball cap pulled down and a scarf around my face. Only my eyes were showing, so I must have looked very suspicious. I was physically scared, my heart was pounding and I was sweating.

It was an unimaginable nightmare.

Technorati Tags: , , , , , , ,

by @ 9:06 pm. Filed under Asia, China, East Asia, Economy, Money, Northeast Asia, Singapore, Southeast Asia

One Response to “rouge trader redux”

  1. sunbin Says:

    there is rumour (very wild unconfirmed rumour) that Wang might not be have committed suicide, hinting cover up and scapegoating.

    we will wait and see what the special commission would conclude.

Leave a Reply


You must be logged in to post a comment.

[powered by WordPress.]

Free Hao Wu
Keep on Blogging!

Support Bloggers' Rights!
Support Bloggers' Rights!




Search Blog

 
Web AsiaPundit

Archives

December 2005
M T W T F S S
« Nov   Jan »
 1234
567891011
12131415161718
19202122232425
262728293031  

Categories

China

Japan

  • Austin Arensberg
    0
  • Black China hand
    0
  • China Confidential
    0
  • China Digital Times (CDT)
    0
  • China e-Lobby
    0
  • China Matters
    0
  • The China Stock Blog
    0
  • Chinese Law Prof Blog
    0
  • Harvard Extended
    0
  • The Horse’s Mouth
    0
  • Isaac Mao
    0
  • serialdeviant.org(y)
    0
  • Shanghai Diaries
    0
  • Howard W French
    0
  • Metanoiac!
    0
  • Danwei
    0
  • supernaut …
    0
  • Bingfeng Teahouse
    0
  • Andrés Gentry
    0
  • sinosplice
    0
  • China Herald
    0
  • Wanbro
    0
  • Running Dog
    0
  • The Unabrewer
    0
  • Shenzhen Ren
    0
  • billsdue
    0
  • the Big Yuan
    0
  • Imagethief
    0
  • middle kingdom stories
    0
  • The LongBow Papers
    0
  • Mandate of Heaven
    0
  • Micah Sittig
    0
  • Survived SARS
    0
  • Under The Tenement Palm
    0
  • Talk Talk China
    0
  • The Paper Tiger
    0
  • T-salon
    0
  • Shanghaiist
    0
  • Wangjianshuo’s Blog
    0
  • Laowiseass
    0
  • Fear of a White Planet
    0
  • Hong Kong

    The Koreas

  • SuaraMalaysia.com
    0
  • Rajan
    0
  • American Expat in SE Asia
    0
  • Pok Ku
    0
  • TV Smith
    0
  • MacVaysia
    0
  • mental jog
    0
  • Screenshots…
    0
  • Nik Nazmi
    0
  • Britishasian
    0
  • Taiwan

  • NiHowdy
    0
  • a better tomorrow
    0
  • betelnutblogger
    0
  • IslaFormosa
    0
  • One whole jujuflop situation
    0
  • Naruwan Formosa
    0
  • Scott Sommers
    0
  • Formosa online
    0
  • Wandering to Tamshui
    0
  • Freedom Slopes
    0
  • Formosa online
    0
  • taiwan tiger 台灣的老虎
    0
  • India & South Asia

    Global & Regional

  • Mutant Frog
    0
  • Sushicam
    0
  • MasaManiA=道徳遊戯
    0
  • Nichi Nichi
    0
  • Tokyo Times
    0
  • Japan Window Photo Blog - Culture, Life, People & Pictures
    0
  • LDK
    0
  • The Tanuki Ramble
    0
  • Frog in a Well
    0
  • Japundit
    0
  • Miyakonojo
    0
  • Joi Ito’s Web
    0
  • The Old Revolution
    0
  • Renegades!
    0
  • Riding Sun
    0
  • Shamrocks!
    0
  • The White Peril 白禍
    0
  • Yagami-Sama
    0
  • Meta Data

    Locations of visitors to this page Listed on BlogShares Ecosystem Details

    Other

    sponsors



    AsiaPundit Friends

    Adopt


    Recommended


    Mr. China - by Tim Clissold:
    How to lose $400 million in the world's biggest market.


    Imelda - Power, Myth, Illusion:
    A documentary on the former Philippine first lady that is damning, sympathetic and incredibly funny.


    Yat Kha - Re Covers:
    Siberian throat-singing punk band searches for its roots


    5.6.7.8.'s - Bomb the Twist:
    Three Japanese women play 1950's-inspired punk.


    Gigantor Box Set Volume 1:
    The original giant Japanese robot


    Mao: The Unknown Story - by Jung Chang and Jon Halliday:
    A controversial and damning biography of the Helmsman.

    Recent Posts

    recent comments

    • tutubi: this is dardn true the 5 peso coins also smuggled out of the country to be melted :(
    • tutubi: you seem to pick up almost any news from here, eh? elections here are generally like that. Candidates (or...
    • Josh: mahathir_fan your an idiot.
    • Inst: don't get arrogant. once this comes to the attention of the authorities who says Opera Mini isn't going to get...
    • Chinese Girl: I think that you all are creeps who are nothing but plain jealous of China. If you think that China is...

    Sponsors

    singapore

    Malaysia

    Indonesia

    Phillippines

    Vietnam

    More from China

    42 queries. 0.873 seconds