Kweku Adoboli
| Kweku Adoboli | |
|---|---|
.jpg) |
|
| Born |
May 21, 1980 (age 36) Tema, Ghana |
| Residence | United Kingdom |
| Nationality | Ghanaian |
| Occupation | Trader |
| Known for | Convicted of fraud in the 2011 UBS rogue trader scandal |
Kweku Adoboli (born 21 May 1980) is a Ghanaian ex-trader known for his role in the 2011 UBS rogue trader scandal. He was part of Swiss bank UBS’s Global Synthetic Equities Trading team in London, and he engaged in unauthorised trading that cost the bank US$2 billion (GB£1.3 billion). He was convicted of fraud on 20 November 2012.
Kweku Adoboli was born on 21 May 1980 in Tema, Ghana, to John Adoboli, a senior United Nations official. He spent his early years in Israel, Syria and Iraq, before moving to the United Kingdom in 1991. He attended Ackworth School in Pontefract, West Yorkshire, where he was head boy. In his profile on the school’s website, he wrote that he wanted to be an athlete. In 2000, after finishing school, he started reading Chemical Engineering at the University of Nottingham, but switched to E-commerce and Digital Business Studies. In 2000, he was elected as the Communications Officer of University of Nottingham Students' Union. In mid-2002, Adoboli worked as a summer intern at UBS's operations department. He graduated from the University of Nottingham in July 2003.
Adoboli joined UBS's London office as a graduate trainee in September 2006. After working for two years as a trading analyst in the bank's back office, he was promoted to a Delta One trading desk. In 2008, he became a director on the ETF desk, and by 2010, he was promoted to director, with a total annual salary of almost £200,000.
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