Kweku is saying everything right about the nature of banking and capitalism. Unfortunately, that would never fly in the First World. Being a former JSE listed corporate employee in governance, risk & compliance myself, I can relate fully with what he says especially where he captures the essence of his talk at 01:22
This is fascinating, sad but much can be learned from it. He is a phenomenal speaker. Calm but raw emotion and real. I said some years ago that he'd go far. As someone said UBS is not the end for him
This is a good occasion for you to train and educate other African about trading and how to get it to your level , And thank God internet exist you can still do it Train people
This is a good guy. Kweku, you'll surely be vindicated and restituted. Just be strong and of a good courage. I believe God has a bigger plan for you, far more bigger than UBS!
I now understand your case. U took a risk and you have learnt a lot. You took the blame to save the image of your team. I in particular have learnt a lot from your mistake. Thanks Kwaku, I thank God you are still alive. There are better opportunities ahead.
I feel really very sorry for him :(. I think he can find a way back. But he may have to agree to bury the issue and continue with his life. He has a future still.
You are a hero man... but if there’s one thing I have learnt is to always read in between the lines, see the warnings and act fast. In a toxic environment though not to take the fall.
This young man needs no one's pitty; he's a well spoken well articulated young man, he could make a good living, as an internet super star,given financial advice???
The essential rule of the financial markets and those institutions that lead them is that the institution must survive because the investing public must continue to believe in the system created to benefit relatively few people disproportionately to every one else. That’s the thinking behind the too big to fail notion. Kweku was the needed scapegoat who acted as “an individual” so that the bank (institution) would be off the hook. That said, the bank acted in the interest of its shareholders, clients, and customers who all wanted profits, dividends, and portfolio growth. For those reasons gain will always overshadow the notion of a social contract. Kweku should have documented and distributed (emailed) his convictions and predictions about the crash to upper management, while affirming his commitment to work with the team. But you don’t know what you don’t know. Still, this whole debacle has served to showcase not only Kweku’s talent and integrity-commodities that are in short supply, and, therefore, in high demand. A minor setback Kweku. Live long and prosper!
Wow Alpha Man well said you know your stuff I still find my self scratching my head thinking what was Kweku thinking sending the email taking all the blame, the rest of the guilty party must have thought they struck Gold when Kweku said that, was he that stupid? I assumed all people who worked in Finance knew about the Nick Leeson story, Kweku should have documented everything, took copies of emails and minutes of meeting. Kweku is no doubt highly intelligent but he lack insight on the dark side of human nature did he really think his 'friends' (I think that is down to his sheltered upbringing) would back him up, I really wished he had been brave, not succumb to peer pressure and do rogue trading.
Well said - I realized something was off right from the start. He's guilty but not the only guilty part - the system that benefits the few and us who follow it blindly are also guilty.
The Black guy gets it... From the moment this man opens his mouth it is clear he is of the highest moral standard and they deported him. This country is crazy but I hope we have not seen the last of Kweku.
It is unfortunate what happened pray it never never happens anywhere again but listening closely to this guys presentation I think he has learnt his lesson but on the other side of the coin this guy will be a huge asset to any university around the globe will be a good lecturer.He took stupid decisions a that moment but has learnt his lessons.
This is a lesson in scapegoating. When things go wrong someone will have to be blamed. Of course, the bigger heads will not. So they framed this young man.
If he has learned such a great lesson, he can be a lecturer in Ghana and use his skills to improve their education chances. Some good will come out of it after all.
Where is John Huges or other team members? Is he still in the industry? Did he serve a custodial sentence, as it would be impossible for Mr Kweku Adoboli to have lost all that money trading on his own🤔
Yo bro !!!(I'm also Kweku btw :)), Thanks for given us your version of the story. Its so evident from your story that you were made a scape goat or a sacrificial lamb to save the company (oh by the way it wasn't in vain though). Here you are through it all, sharing lessons learnt with the hope to bring to light issues that would have just be covered up and institutionalized. Watching this has changed my opinion of your intentions as well. This lecture you've given should hopefully change the endemic need for corporations to seek abnormal profits in the shortest possible time while risking the welfare of their employees. Keep your head above the waters as difficult as it may sound and look for opportunities back home. Remember there's always a reason for everything. Pick yourself up by the bootstrap and rise again to where you need to be with the past serving as a wind in your sails. God bless. Link up when you get the chance. I will hook up when I come to visit back home.
June 2011 Kweku and another small group of analysts believes the market is going down, he knew of the earthquake in Japan thus thought it would crash, however senior managers come to his trading desk (the trading desk is mostly full of easily bullied naive 20 somethings) and Kweku reluctantly changes his stance July 1st 2011 the market does indeed crash and what do the 20 something year old traders do (remembers these trader as seem as superstars and Kweku is called 'the bear') they brought more trades hoping the market would flip using the umbrella account and they would come through it of course it did'nt. September 14th 2011 Kweku Adoboli sends email blaming the losses all on himself (mostly to the rest of team delight who where also in on it, why he did this I will never know what a dumb thing to do) he is made a scapegoat, he is arrested put in Wandsworth jail, he name appears in media as the sole banker that caused the losses, eventually gets convicted, then deported and the Finance industry learns nothing from its mistakes. Young people who want to go into finance please learn from this and Kweku please release a book. If I was Kweku in June 2011 I would not have changed my stance that the market was gonna crash I would have simply took my £50,000 a year job (which I think Kweku was earning) elsewhere or better still become a bar tender and felt no shame, you don't have to prove anything to anyone don't be bullied into doing bad things
I feel really sorry for what you went through. But you were very naive. Way too nice. Why take the blame for a team effort ? Why send the email and hope you’ld only get fired? Unless there is something you haven’t disclosed yet. The response from your team was like : “Really?” They could not believe their luck. Did you not realise that people are always on the look out for a fall guy. You made yourself a scape goat and got terribly roasted for it.
I perfectly understand your logic Jude. But unfortunately this is the downside of a typical Ghanaian culture in most homes, which literally is "if it helps [your friends, siblings, family etc.], take the blame".
I really wished Kweku had been brave and said no when he was asked to take risks even if he meant losing his job, 19 other people who where also part of this UBS rogue trading fraud simply lost their jobs but only Kweku got a prison sentence something tells me he was very naive and thought his team where his 'friends' yet in the end he took all the blame, got a prison sentence and deported did Kweku not have the sense to look around his team and realise he was the only one that looked like he did of course he would be made the scapegoat and he wilfully made himself a sacrificial lamb when he sent that email taking all the blame, did he really think he would just lose his job? and not get into big trouble? why was Kweku manager at the burning man festival as oppose to being by his side, why did UBS had young 25/26/27 year old traders on the floor that role needs more maturity and less prone to peer pressure (and bullying by CEO's) personalities, 20 somethings tend not to be that, after the Barings Bank fiasco years prior did the finance industry not have software to detect rogue trading? I refuse to believe that senior bosses did not know what was happened as long as the bank was making money. Kweku Adoboli needs to do what Nick Leeson did and write a book about what happened. Let this be a lesson to the young going into trading, listen to your intuition, and be brave and say no don't let yourself be bullied never let yourself be somebody else sacrificial lamb. Kweku tell your story and help the young.
I admired your analysis u were right on point. He forgot he was still in uk or foreign land. He forgot the fact that when one leaves work no one cares about each other as a brother how u get home is your own problem. He should have covered his back he thought his friends and bosses will cover up.
You can break the bank 🏦 but can never beat the bank. Remember the banks are apart of “the system”. You can break the system but can never beat. Only the government and the banks themselves can be beat. We as pple can only break the bank and decide not to use banks to beat the system.
I think you missed the point about how the judge directed the well intentioned jury to find Kweku guilty. That means UBS was the institution to be on trial and found guilty. This means Kweku was used in committing a crime so we must listen to Kweku then learn about how the UBS is a party to the crime.
@Soloman1001 that is what USB made you to believe. As if he has no manager who watches over what he does. UBS know what it traders does but turn a blind eye. The classical British behaviour is throw you under the bus when things go wrong.
And it's also interesting that these rogue traders seem to grow a sense of morality and conscious AFTER they got caught... And the gullible audience still thinks that's genuine.
Jesus Christ already died for everyone, why try to be the sacrificial lamb for others. So sorry for you. If this is the truth no matter how long it takes truth always prevails....
THis man played the 'game' for all that it was worth. He lost and nearly brought the Bank and the entire investment banking system down with him. He then decided it was 'their fault'. Despite his base salary of £200,000 per annum and a luxury lifestyle which included indefinite leave to remain within the UK ( despite not being a citizen) he chose to abuse his position. He has blamed everybody including the entire banking system. He attacked Britain and its history and, rather predictably played the racist card - ' it is because I am black' . There is no more deserved case for deportation that this highly destructive individual.
This is biased in his favour. If you commit a crime in any other country you would be deported if found guilty. I know two Brits who were thrown out of America for criminal offences. One is a woman who has grown up kids, and they STILL had no sympathy with her. No LBC or Daily Mail acting on your behalf. Just broken the law and you are out. Try doing this in the US or Australia and see how their govt reacts.
Judging or not, he broke the law. You weren't in court. The jury and judge were and they looked at all the evidence and made their decision. Soft soaping doesn't change it. Excuses don't, he broke the law.
@@treasurehunteruk9718 Treasure Hunter, you are now beginning to sound like a broken record: he broke the law; he broke the law; he sure damn broke the law, you keep repeating. Well, I hope you have not broken down crying as well.
![เปิดบ้าน โคตรสวย ป๋องกพล รู้จักตั้งนาน เพิ่งรู้ว่ารวย!!! l [Nickynachat]](http://i.ytimg.com/vi/tmgCF_2HfYI/mqdefault.jpg)
Kweku is saying everything right about the nature of banking and capitalism. Unfortunately, that would never fly in the First World. Being a former JSE listed corporate employee in governance, risk & compliance myself, I can relate fully with what he says especially where he captures the essence of his talk at 01:22
This is fascinating, sad but much can be learned from it. He is a phenomenal speaker. Calm but raw emotion and real. I said some years ago that he'd go far. As someone said UBS is not the end for him
Kweku, you should run for president your heart is in the right place!
This is a good occasion for you to train and educate other African about trading and how to get it to your level ,
And thank God internet exist you can still do it
Train people
I think its best he does not teach anyone how to trade xd
This is a good guy. Kweku, you'll surely be vindicated and restituted. Just be strong and of a good courage. I believe God has a bigger plan for you, far more bigger than UBS!
I now understand your case. U took a risk and you have learnt a lot. You took the blame to save the image of your team. I in particular have learnt a lot from your mistake. Thanks Kwaku, I thank God you are still alive. There are better opportunities ahead.
Now, I understood what happened. Thank you for your side of the story. Good luck with fighting unfairness.
Unfortunately , he was deported on the 14th of November 2018
Perspective From Oba so to shut him up he got deported
I feel really very sorry for him :(. I think he can find a way back. But he may have to agree to bury the issue and continue with his life. He has a future still.
You are a hero man... but if there’s one thing I have learnt is to always read in between the lines, see the warnings and act fast. In a toxic environment though not to take the fall.
This young man needs no one's pitty; he's a well spoken well articulated young man, he could make a good living, as an internet super star,given financial advice???
The essential rule of the financial markets and those institutions that lead them is that the institution must survive because the investing public must continue to believe in the system created to benefit relatively few people disproportionately to every one else. That’s the thinking behind the too big to fail notion. Kweku was the needed scapegoat who acted as “an individual” so that the bank (institution) would be off the hook. That said, the bank acted in the interest of its shareholders, clients, and customers who all wanted profits, dividends, and portfolio growth. For those reasons gain will always overshadow the notion of a social contract. Kweku should have documented and distributed (emailed) his convictions and predictions about the crash to upper management, while affirming his commitment to work with the team. But you don’t know what you don’t know. Still, this whole debacle has served to showcase not only Kweku’s talent and integrity-commodities that are in short supply, and, therefore, in high demand. A minor setback Kweku. Live long and prosper!
couldn't have said it better myself. Also makes it easier to write off a 2.3 billion loss as fraud that admit it as a trading loss.
Wow Alpha Man well said you know your stuff I still find my self scratching my head thinking what was Kweku thinking sending the email taking all the blame, the rest of the guilty party must have thought they struck Gold when Kweku said that, was he that stupid? I assumed all people who worked in Finance knew about the Nick Leeson story, Kweku should have documented everything, took copies of emails and minutes of meeting. Kweku is no doubt highly intelligent but he lack insight on the dark side of human nature did he really think his 'friends' (I think that is down to his sheltered upbringing) would back him up, I really wished he had been brave, not succumb to peer pressure and do rogue trading.
Well said - I realized something was off right from the start. He's guilty but not the only guilty part - the system that benefits the few and us who follow it blindly are also guilty.
The Black guy gets it... From the moment this man opens his mouth it is clear he is of the highest moral standard and they deported him. This country is crazy but I hope we have not seen the last of Kweku.
It is pure racism they hide the instigators but take Adoboli as the scapegoat
It is unfortunate what happened pray it never never happens anywhere again but listening closely to this guys presentation I think he has learnt his lesson but on the other side of the coin this guy will be a huge asset to any university around the globe will be a good lecturer.He took stupid decisions a that moment but has learnt his lessons.
Kweku ...You will bounce back
This is a lesson in scapegoating. When things go wrong someone will have to be blamed. Of course, the bigger heads will not. So they framed this young man.
Nice presentation. Could be a good Lecturer.
If he has learned such a great lesson, he can be a lecturer in Ghana and use his skills to improve their education chances. Some good will come out of it after all.
Where is John Huges or other team members? Is he still in the industry? Did he serve a custodial sentence, as it would be impossible for Mr Kweku Adoboli to have lost all that money trading on his own🤔
Yo bro !!!(I'm also Kweku btw :)), Thanks for given us your version of the story. Its so evident from your story that you were made a scape goat or a sacrificial lamb to save the company (oh by the way it wasn't in vain though). Here you are through it all, sharing lessons learnt with the hope to bring to light issues that would have just be covered up and institutionalized. Watching this has changed my opinion of your intentions as well. This lecture you've given should hopefully change the endemic need for corporations to seek abnormal profits in the shortest possible time while risking the welfare of their employees. Keep your head above the waters as difficult as it may sound and look for opportunities back home. Remember there's always a reason for everything. Pick yourself up by the bootstrap and rise again to where you need to be with the past serving as a wind in your sails. God bless.
Link up when you get the chance. I will hook up when I come to visit back home.
June 2011 Kweku and another small group of analysts believes the market is going down, he knew of the earthquake in Japan thus thought it would crash, however senior managers come to his trading desk (the trading desk is mostly full of easily bullied naive 20 somethings) and Kweku reluctantly changes his stance July 1st 2011 the market does indeed crash and what do the 20 something year old traders do (remembers these trader as seem as superstars and Kweku is called 'the bear') they brought more trades hoping the market would flip using the umbrella account and they would come through it of course it did'nt.
September 14th 2011 Kweku Adoboli sends email blaming the losses all on himself (mostly to the rest of team delight who where also in on it, why he did this I will never know what a dumb thing to do) he is made a scapegoat, he is arrested put in Wandsworth jail, he name appears in media as the sole banker that caused the losses, eventually gets convicted, then deported and the Finance industry learns nothing from its mistakes. Young people who want to go into finance please learn from this and Kweku please release a book.
If I was Kweku in June 2011 I would not have changed my stance that the market was gonna crash I would have simply took my £50,000 a year job (which I think Kweku was earning) elsewhere or better still become a bar tender and felt no shame, you don't have to prove anything to anyone don't be bullied into doing bad things
You're right, it's time for better "educated" intelligence! Open sincere communication at work.
"Regulators" acting as guides, like civilized policemen not to arrest you but to point the way!
@56:00 is where it comes together how do you regulate behavior.
I feel really sorry for what you went through. But you were very naive. Way too nice. Why take the blame for a team effort ? Why send the email and hope you’ld only get fired? Unless there is something you haven’t disclosed yet. The response from your team was like : “Really?” They could not believe their luck. Did you not realise that people are always on the look out for a fall guy. You made yourself a scape goat and got terribly roasted for it.
I perfectly understand your logic Jude. But unfortunately this is the downside of a typical Ghanaian culture in most homes, which literally is "if it helps [your friends, siblings, family etc.], take the blame".
I really wished Kweku had been brave and said no when he was asked to take risks even if he meant losing his job, 19 other people who where also part of this UBS rogue trading fraud simply lost their jobs but only Kweku got a prison sentence something tells me he was very naive and thought his team where his 'friends' yet in the end he took all the blame, got a prison sentence and deported did Kweku not have the sense to look around his team and realise he was the only one that looked like he did of course he would be made the scapegoat and he wilfully made himself a sacrificial lamb when he sent that email taking all the blame, did he really think he would just lose his job? and not get into big trouble? why was Kweku manager at the burning man festival as oppose to being by his side, why did UBS had young 25/26/27 year old traders on the floor that role needs more maturity and less prone to peer pressure (and bullying by CEO's) personalities, 20 somethings tend not to be that, after the Barings Bank fiasco years prior did the finance industry not have software to detect rogue trading? I refuse to believe that senior bosses did not know what was happened as long as the bank was making money. Kweku Adoboli needs to do what Nick Leeson did and write a book about what happened. Let this be a lesson to the young going into trading, listen to your intuition, and be brave and say no don't let yourself be bullied never let yourself be somebody else sacrificial lamb. Kweku tell your story and help the young.
Elizabeth - I really feel sad for this gentleman, he took the blame for some of his team member who would have moved on and gotten another job
Jude Udu most Ghanaians are raised this way to be so humble I disagree with it sometimes
I admired your analysis u were right on point. He forgot he was still in uk or foreign land. He forgot the fact that when one leaves work no one cares about each other as a brother how u get home is your own problem. He should have covered his back he thought his friends and bosses will cover up.
Stop putting yourselves on the line companies they don’t give a dem about you people 😂
Cyril Poti exactly
Weep not young man God is in control
Nobody better to draw conclusions from financial catastrophe from the person that caused it.
You can break the bank 🏦 but can never beat the bank. Remember the banks are apart of “the system”. You can break the system but can never beat. Only the government and the banks themselves can be beat. We as pple can only break the bank and decide not to use banks to beat the system.
That stuff with tom hayes is messed up!
it's interesting that rogue traders are like super heroes, would the average criminal get an audience?
I think you missed the point about how the judge directed the well intentioned jury to find Kweku guilty. That means UBS was the institution to be on trial and found guilty. This means Kweku was used in committing a crime so we must listen to Kweku then learn about how the UBS is a party to the crime.
@Soloman1001 that is what USB made you to believe. As if he has no manager who watches over what he does. UBS know what it traders does but turn a blind eye. The classical British behaviour is throw you under the bus when things go wrong.
And it's also interesting that these rogue traders seem to grow a sense of morality and conscious AFTER they got caught...
And the gullible audience still thinks that's genuine.
@@sadikmeah4057 everyone deserves a second chance....
OK, I fell in love. 🤩
See ya.
You lost 2.3 billion dollars and you expect me to sit hear and listen to you preach?! LOOL
nareeeely no one is expecting you to do anything... you're just any other person on the Internet
@@marcomarkproductions I actually have millions of dollars in assets and at least 1 million just sitting in the bank .. Yet I still didnt lose it.
@@nareeeely Yeah my arse - You dont listen to those who fail and try learn a lesson, i dont believe you have a penny to your name
@@hcoulson4442 LMAO
Jesus Christ already died for everyone, why try to be the sacrificial lamb for others. So sorry for you. If this is the truth no matter how long it takes truth always prevails....
THis man played the 'game' for all that it was worth. He lost and nearly brought the Bank and the entire investment banking system down with him. He then decided it was 'their fault'. Despite his base salary of £200,000 per annum and a luxury lifestyle which included indefinite leave to remain within the UK ( despite not being a citizen) he chose to abuse his position. He has blamed everybody including the entire banking system. He attacked Britain and its history and, rather predictably played the racist card - ' it is because I am black' . There is no more deserved case for deportation that this highly destructive individual.
This is biased in his favour. If you commit a crime in any other country you would be deported if found guilty. I know two Brits who were thrown out of America for criminal offences. One is a woman who has grown up kids, and they STILL had no sympathy with her. No LBC or Daily Mail acting on your behalf. Just broken the law and you are out. Try doing this in the US or Australia and see how their govt reacts.
you are passing judgement wrongly.I am an ex banker and could identify with his story.
Judging or not, he broke the law. You weren't in court. The jury and judge were and they looked at all the evidence and made their decision. Soft soaping doesn't change it. Excuses don't, he broke the law.
@@treasurehunteruk9718 Treasure Hunter, you are now beginning to sound like a broken record: he broke the law; he broke the law; he sure damn broke the law, you keep repeating. Well, I hope you have not broken down crying as well.
Broken records get thrown out as RUBBISH! The are useless.
Well, it's either you don't get it, or you're just trying to be (not)funny. Anyhow good riddance...