Andrew Krieger: Biography, Career, and Business Insights

Andrew Krieger’s Profile Summary

Company	Bankers Trust
Position	Global Head of Currency Options Trading at Bankers Trust
Source of wealth	Earnings from trading at Bankers Trust, profits from his own asset management firm, advisory fees, book royalties from The Money Bazaar
Also known as	Author, Philanthropist, Advisor.
Age	Unknown
Education	Wharton School of the University of Pennsylvania – MBA
Citizenship	United States
Residence	New York City, USA
Family	No publicly available detailed information.
Website, Social Media	https://www.bankerstrust.com/

Andrew Krieger’s biography

Andrew Krieger is a renowned trader best known for his bold currency trades in the 1980s. He began his career after completing an MBA from Wharton, working at Salomon Brothers before joining Bankers Trust in 1986. Krieger gained fame during the Black Monday crash of 1987 when he executed one of the most audacious trades in forex history. He shorted the New Zealand dollar (NZD), believing it to be overvalued, and used substantial leverage to make the trade. The size of his position reportedly exceeded the total money supply of New Zealand, causing the currency to drop by 5% in a short period. This trade earned Bankers Trust $300 million in profit, solidifying Krieger’s reputation as a top currency trader. After leaving Bankers Trust in 1988 due to dissatisfaction with his bonus, Krieger joined George Soros's Quantum Fund before venturing into entrepreneurship to start his own asset management firm. In addition to his trading career, he has advised central banks and large financial institutions on reserve management. Krieger has also engaged in philanthropy, receiving recognition for his efforts in disaster relief and community service

How did Andrew Krieger make money?

Andrew Krieger makes money in the following areas:

Earnings from trading at Bankers Trust, profits from his own asset management firm, advisory fees, book royalties from The Money Bazaar
What is Andrew Krieger net worth?

As of 2025, there is no publicly available and reliable information regarding Andrew Krieger’s net worth.

What is Andrew Krieger also known as?

Andrew Krieger is the author of The Money Bazaar, a well-regarded book on currency trading published in 1992. He is also recognized for his philanthropic work, especially after the 2004 tsunami, for which he received the Friends of India Service Award for his efforts in disaster relief and supporting children's futures in India. Krieger has served as a special advisor to international banks and corporations, offering insights on global financial markets and reserve management strategies for central banks

Prominent achievements of Andrew Krieger

Set a Wall Street profit record in 1987 with a $300 million profit for Bankers Trust, inducted into the Trader Hall of Fame in 2005, author of The Money Bazaar (1992), recognized with multiple service awards, including the Friends of India Service Award

What are Andrew Krieger’s key insights?

Andrew Krieger's business philosophy revolves around taking bold and calculated risks, particularly in volatile markets. He is known for identifying market mispricings and acting decisively, often leveraging his understanding of global macroeconomic conditions. His insights emphasize the importance of being fearless in the markets while maintaining a disciplined approach to risk management

Andrew Krieger’s personal life

There is limited public information about Andrew Krieger's family. He maintains a private life, and details about his personal family members are not widely disclosed

Useful insights

Advanced strategies for stock and Forex traders

As you progress in your trading journey, it is important to explore more advanced strategies. These books dive deeper into technical analysis and trading psychology, helping traders improve their edge.

John Bollinger – "Bollinger on Bollinger Bands"
- Summary:
  
  Bollinger, the creator of Bollinger Bands, provides an in-depth explanation of how to use this technical indicator to measure market volatility and identify trading opportunities. The book includes detailed examples of how Bollinger Bands can be applied in various market conditions.
- Why read it:
  
  Understanding how to use technical indicators like Bollinger Bands is crucial for identifying market trends and making informed decisions. This book is essential for traders looking to master volatility-based strategies.
Al Brooks – "Trading Price Action Trends"
- Summary:
  
  Brooks focuses on price action trading, a strategy that relies on interpreting raw price movements without the use of lagging indicators. His book teaches how to read price charts, identify trends, and use support and resistance levels effectively.
- Why read it:
  
  As one of the purest forms of technical analysis, price action trading can significantly enhance a trader's ability to react to market movements. Traders seeking a deeper understanding of market behavior will find Brooks' insights invaluable.