Original ‘rogue trader’ Nick Leeson, now turned public speaker and business advisor, will be coming to St Columb’s Hall in Derry on Thursday, January 30 at 7:30pm for a free event which should appeal to the business community of the area.
The evening interestingly entitled ‘Big Bang To Tomlinson’ and sponsored by GDP Partnership, will feature a talk by the former Barings Bank trader.
Mr Leeson, whose risk-taking caused the collapse of Barings bank in 1995, has joined the firm which specialises in bringing solutions to banks on behalf of borrowers in distress. He holds the role of Principal in the Dublin office of GDP, which is made up of a team of property, accountancy and banking professionals led by Belfast-based business partners, former Cookstown man Conor Devine and Derry native James Gibbons.
Mr Leeson came to prominence in 1995 for his role in the collapse of Barings Bank – one of the oldest financial houses in England and personal bank to the Queen. He made losses of over £800m after risky trades went wrong in what was one of the biggest money scandals of the century.
Following Barings’ collapse, Nick was sentenced to six years in a Singaporean jail, his wife left him and he was diagnosed with colon cancer.
James Gibbons, Principal of GDP, said it was great that someone of Nick’s calibre was coming to Derry and he extended a warm welcome to business representatives who are interested in hearing Nick speak.
The talk will focus on Lawrence Tomlinson’s explosive report into small business lending at the banks at the command of Business Secretary Vince Cable. In the report entrepreneur Mr Tomlinson has found significant evidence that suggests RBS (which owns Ulster Bank) were profiteering and demonstrating at times ‘abhorrent behaviour’ towards businesses.
“Nick is one of the most highly sought-after business speakers in the world and he has travelled extensively in the last ten years speaking to a wide range of organisations,” Mr Gibbons told the Journal.
“I approached him last year to see if he would join GDP and he loved our ethos and values, and the fact that we were determined to help people through their financial challenges, so he came onboard. We feel this event will inform, educate and empowers people to get a hold of their finances.”
Sponsored by GDP Partnership, headed by James Gibbons and Conor Devine, the event is free but places must be booked.
Nick’s talk will be of interest to anyone involved in business bank transactions and promises to inform and educate. If you wish to attend please contact Katie asap to secure a seat: firstname.lastname@example.org.