Masterclass: The UBS rogue trader case: the investigating officer’s perspective
Wednesday 28 June 2017
BDO, Central Square, 29 Wellington Street, Leeds, LS1 4DL
At our February masterclass our speaker was Kweku Adoboli, who was convicted in 2011 on two counts of fraud after UBS, at which he was a director of the Global Synthetic Equities Trading team in London, lost over 2 billion dollars as a result of unauthorised trading. Kweku talked openly about his story, including the failures of the process and controls and the challenges he and other traders faced in a competitive environment.
The City of London Police said of the case, “This was the UK’s biggest fraud committed by one of the most sophisticated fraudsters the City of London Police has ever come across.”
At our June masterclass we were delighted to welcome Detective Constable Mark Warner, who was the City of London Police officer in the case. Mark shared his experience of the case, including:
- how the police approached the investigation
- the regulators’ involvement
- the technical expertise required
- the rationale for prosecution
- lessons for internal control and governance in business
and more!
Mark’s side of the story was a fascinating follow-up to Kweku’s talk and will provide valuable insights into law enforcement agencies’ involvement in fraud cases.
