Kweku Adoboli, the former UBS AG trader on trial over a $2.3 billion trading loss, said his girlfriend encouraged him to confess his losses to managers while another trader on his desk told him to flee the country.
Adoboli, 32, lost control over his trading decisions in July of last year after pressure from senior managers prompted him to change his strategy and bet the markets would improve, he said yesterday during his third day on the stand. He and his girlfriend broke up for two weeks, he said, with stress mounting and his losses accelerating. After they reunited, she told him he must ask for help.
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