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Sep 15
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The story of UBS 2Billion loss continue to roll and now AP news is reporting Police in London arrested a 31-year-old UBS trader, Kweku Adoboli, in the alleged fraud.
About Kweku Adoboli
Adoboli’s profile picture on Facebook showed a black-and-white photograph of an African man in his early 30s, with interests including photography, cycling and boutique wines.
Adoboli’s profile on the professional networking site LinkedIn showed he spent the past five years working at UBS’s European Equity Trading division after three years as a trade support analyst for the bank. He graduated from England’s University of Nottingham in 2003, where he studied computer science and management.
According to Philip Octave, Adoboli’s former landlord, he lived in an expensive loft on Brune Street for several years before moving out about 4 1/2 months ago. The area is near London’s Brick Lane, a busy street of curry houses, bars and vintage fashion shops only a few blocks from UBS’s U.K. headquarters.
Octave described Adoboli as a well-dressed quiet man of African origin who “was not the tidiest” of people but very well spoken.
He fell behind in the rent twice but always paid up in the end, Octave said, adding that his rent was a hefty 4,000 pounds per month (US$6,320). He said he asked him to move out so he could refurbish the apartment.
Source AP News.