Diamond, Dimon’s Early Risks Made Them Better: Adoboli
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Kweku Adoboli, the former UBS AG trader jailed over losing $2.3 billion, said financial leaders including JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon and former Barclays Plc CEO Bob Diamond were better at making money because of risks taken earlier in their careers.
Adoboli, who was jailed Nov. 20 for causing the largest unauthorized trading loss in British history, said in an e-mail exchange with Bloomberg News that Dimon, Diamond and Yassine Bouhara, the former co-head of global equities at UBS, all lost large amounts of money at some point in their careers.