Spies Who Chased Terrorists Join Banks to Hunt for Rogue Traders
- Barclays, UBS among firms stepping up scrutiny after fines
- New hires bring skills from the battlefield to trading floor
What Are Former CIA Agents Doing at Banks?
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Bryon Linnehan spent more than two years chasing bad guys around Iraq as a U.S. military-intelligence officer. Since May, he’s been using skills he honed on the battlefield to monitor electronic communications inside Barclays Plc.
Desperate to avoid more costly run-ins with regulators, investment banks are hiring former intelligence professionals like Linnehan to scrutinize virtually all aspects of their employees’ working lives, from how long they take for cigarette breaks to which websites they frequent. The goal: to deter the next market manipulator or rogue trader.