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FOREIGN EXCHANGE

Where’s Sywak?

I wondered about the wisdom of covering the sorry tale of Simon Sywak last week.

I enjoy writing the odd piece of financial news in a quasi-tabloid manner, but ultimately this is not a tabloid publication. “Why are you writing that story?” one of my contacts asked me. “He’s not the first FX trader who’s had a messy divorce,” another pointed out. True enough, but there was something in it that made me think it was newsworthy.

I hear from Sywak’s wife Helen that she is back in a UK court this week looking to get her legal costs awarded against her former husband. “They’re about £77,000. With £30,600 of back payments of maintenance, he’ll owe me well over a £100,000. Worth searching for I think,” she says.

Problem is, nobody seems to know where her former husband is.  I reported last week that he’d taken a job at WestPac Sydney, but apparently the bank denies it; it seems that Sywak didn’t manage to even get his feet under the table. At this rate, it looks like he will soon become the FX market’s very own Lord Lucan. Who knows, they may even be propping up some bar together somewhere.

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