Kingsley Napley drafted in to represent alleged UBS rogue trader

Kingsley Napley partner Louise Hodges has been instructed to represent Kweku Adoboli, the trader charged with fraud and false accounting at Swiss bank UBS.

The bank is understood to have drafted in Herbert Smith to advise it on the fallout from the case.

Hodges, who is currently vice chair of the European Criminal Bar Association, specialises in fraud and white collar crime litigation.

Adoboli was charged with fraud and false accounting on Friday, less than 48 hours after being arrested by City of London police. Initially the bank had said Adoboli’s rogue trading had cost it $2bn, but it has since revised the estimate to $2.3bn.

Hodges is assembling a team to advise Adoboli that will include Kingsely Napley partner Michael Caplan QC. Caplan represented former Chilean dictator Augusto Pinochet when he was arrested in London in 1998 on a Spanish extradition warrant and released on medical grounds in March 2000.

Kingsley Napley partner Stephen Pollard represented Nick Leeson in the Barings case of 1995. Leeson was charged with losing £827m ($1.3bn) of Barings’ money due to speculative investing at its Singapore office.