In 1989, Nick Leeson joined Barings at the age of 22 as a bookeeper of a back-

office in London.
In 1990, he moved to Singapore to work as rouge trader for Barings. Later that
year, he became a trader after passing the test. At first, these risky positions made
large profits for the bank: as much as £10 million, accounting for 10% of Barings'
annual profit in 1992.
Leeson became the source of new profits Barings executives were looking for, and
in turn they gave him their trust believing he could do no wrong. Barings had given
him the responsibility of double-checking his own trades, rather than reporting
them to a superior, Leeson was able to hide the losses from his bad trades in a
secret account.
At that time, with the affection from Barings bank, Nick Leeson started making
unauthorized trades in 1992