1July, 987, Nick Leeson went to the futures and options department of Morgan Stanley Bank for liquidation. But he always wanted to be a trader on the trading floor, earning profits for the bank and getting a good salary. But at Morgan Stanley, he failed.
On the afternoon of June 1989, Nick Leeson resigned and left Morgan Stanley Bank. That night, Nick Leeson went to the office of Bahrain Bank in Potsdam Street. I talked with a person in charge named John Guy for half an hour, and I found a new job. At Bahrain Bank, Nick Leeson continued to do clearing work in the futures and options department. Nine months later, Nick Leeson got the opportunity to work in Indonesia, but the business of Bahrain Bank in Jakarta was very chaotic. A large number of tickets were not handled properly, the staff did not have an office, and the tickets were piled up in the basement at will, with a deficit as high as 1 100 million pounds. Nick Leeson began to clean up the tickets here, eliminating the debt of 1 billion pounds for Bahrain Bank, and met his wife Lisa here. 199 1 In March, Nick Lillison returned to London. The success in Jakarta and the training of Morgan Stanley Bank made Nick Leeson regarded as an expert in futures and options settlement.
199 1 year, Nick Leeson inspected the business of Bahrain Bank in Europe and the Far East for a whole year. He accompanied Tony Dick, who is in charge of bank development, on a global trip to find new opportunities for the development of Bahrain Bank. They have been to Frankfurt and suggested setting up an office in this city in order to break into the growing European market. I have also been to Hong Kong and Manila. In the second half of the year, they arrived in Singapore. Bahrain Bank decided to set up a branch in Singapore, and Nick Leeson became the general manager of the futures and options trading department of the Singapore branch.
Nick Leeson colluded with the staff of Bahrain Bank Osaka Stock Exchange of SIMEX (SIMEX is a very small market, and Nick Leeson is not authorized to trade directly, so he has to follow the instructions of Osaka workers). The risk is small, as long as you seize the time and speed, you can win. The liquidation work here is also very chaotic.