A senior financial analyst known as 'the godfather of retail' is suing Credit Suisse for age discrimination, a tribunal heard Wednesday.
The London Evening Standard reports that Tony Shiret claims Credit Suisse, which made him redundant at the age of 55, favoured younger employees. He told how he was targeted by his employer 'because of my age'.
Shiret, one of the most experienced and highly regarded analysts covering the retail sector, was made redundant in June 2011 after 18 years with the bank, as part of cuts in Credit Suisse’s equities department.
In his witness statement at East London employment tribunal, Shiret, from Barnet, claims the redundancy procedure was 'pre-selected without any consultation, weighted against me and inherently unfair'.
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image: © Lisamarie Babik