Nick Leeson, the trader whose wrong- way bets on Japanese stocks ruined Barings Plc, is joining a mediation firm to advise Irish borrowers looking to renegotiate debts in the wake of the real estate collapse, according to reports.
Leeson, 46, (pictured) who has lived in Ireland for more than ten years, will join GDP Partnership as a principal as it expands into Dublin, the company said in a statement posted on Twitter by Leeson, Bloomberg reports. There is "a lot of fear and stress currently in the country with debt the root of the problem," it said. "There might be wry smiles from people when they think of me walking back into a bank to try to negotiate on their behalf," Leeson told Dublin-based broadcaster RTE Radio today. "I have had to face into adversity both financial, health and many other different a...
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