Former investment banking reporter

A former colleague of Kweku Adoboli, the ex-UBS trader found guilty of fraud yesterday after losing $2.3bn from unhedged trades at the Swiss bank, has launched a new company – an online betting platform.

John Hughes, a senior trader who worked on UBS's exchange-traded funds desk with Adoboli during the period that Adoboli carried out unauthorised trading activities, has launched a company called BetsofMates.com.

Ex-Adoboli colleague launches gambling venture

A former trading peer of Kweku Adoboli, the ex-UBS banker who was yesterday convicted of two counts of fraud, has founded a 'socially responsible' online gambling platform

Richard Partington

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