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Last Updated: Sunday, 17 April, 2005, 13:39 GMT 14:39 UK
Ex-trader Leeson in football role
Nick Leeson
Nick Leeson says he is a big football fan
"Rogue trader" Nick Leeson is to become the commercial manager of a football club in western Ireland.

Mr Leeson, who was jailed over 860m losses which led to the collapse of the UK's oldest merchant bank, Barings, starts at Galway United this week.

The 38-year-old, who lives in Ireland with his wife and children, said he was "looking forward to the challenge".

Club chairman John Fallon said: "Life has moved on for everyone since the happenings of 10 years ago."

Steady job

Mr Leeson has been hunting for a steady job for the past year and replied to a job advertisement to secure his new position.

"I am a very keen football fan and am looking forward to working with Galway United," he said.

Mr Leeson, originally from Watford, Hertfordshire, spent four years in a Singaporean jail over dealings which led to the 233-year-old bank's collapse in 1995.

I have moved on and I hope other people have as well
Nick Leeson

The former futures trader said he realised his name had been a barrier for many organisations.

"I have been looking for a new challenge," he said.

"It is inevitable I will always be associated with Barings Bank but, after everything which has happened, I have moved on and I hope other people have as well."

He wrote an autobiography called Rogue Trader about his experiences. It became a bestseller and was also made into a film.

In the book he described how he had been considered a star trader until he buried huge losses made on the trading floor of the Singapore International Money Exchange (SIMEX).

Mr Leeson, who survived colon cancer while in jail, has also been earning money through after dinner speeches and writing articles.

After 'fanfare'

Mr Fallon said the board's confidence in Mr Leeson delivering on financial initiatives for the club had led to his appointment.

He said the "primary concern" was the development of the club, which has been playing professional football in Ireland for 27 years.

"It is impossible to ignore the events which have made Nick Leeson known worldwide, " he said.

"But long after the fanfare about his appointment has passed, Nick Leeson will be tasked with the demanding job of implementing a series of commercial initiatives aimed at developing Galway United FC."

The appointment was among a number of recent developments at the club, he added.


SEE ALSO:
Leeson goes free
03 Jul 99 |  Asia-Pacific
The double life of Leeson
02 Jul 99 |  Business



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