A former UBS trader who took responsibility for a $2.3bln trading loss | Kweku Adoboli | TEDxTudu

Kweku Adoboli, former trader convicted of fraud for a $2.3 billon trading loss at UBS Investment Bank, describes how in his experience financialisation is contributing to a failure of trust and transparency in our societies. Ghanaian born investment manager and former stock trader. He was convicted of illegally trading away US$2 billion (GB£1.3 billion) as a trader for Swiss investment bank UBS. While at the bank he primarily worked on UBS' Global Synthetic Equities Trading team in London where he engaged in what would later be known as the 2011 UBS rogue trader scandal. After serving a prison sentence, he lost several appeals against the Home Office decision to deport him to Ghana. He is currently a culture and systems advisor. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx

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