Why Bankers Get Divorced

Wedding Cake - Bruno Sersocima

D.I.V.O.R.C.E.

EfinancialCareers reports that as British (and other) courts make it harder for wayward wealthy spouses to protect their assets, a top divorce lawyer has said a startlingly high proportion of banking divorces are driven by problems with addiction.

'A significant minority of the bankers who come to me are getting divorced because they’re addicts', said William Healing, a family law partner at Kingsley Napley in London. 'Addiction is an issue in at least 25% of the banking divorce cases I come across. Bankers are addicted to all sorts of substances and their demanding careers combined with high-pressure lifestyles can often lead to marital breakdown.

'Addiction is the one thing that can’t be resolved easily in a marriage breakdown', added Healing. 'Couples can resolve communication issues, but it’s much harder to resolve a cocktail of addiction and communication problems'.

James Ferguson, head of family law at Boodle Hatfield,  however doesn't agree that addiction is a disproportionate issue in banker divorces, citing stress and long working hours as far bigger causes of marital breakdown in the sector. 'Usually people just don’t invest enough in the relationship', Lipson claimed.

Hit the link below to access the complete eFinancialCareers article:

Number one reason bankers get divorced is addiction, says top lawyer

RBS is already haemorrhaging top bankers. More will leave on June 28

‘Bruised’ Hester’s resignation from RBS looks like a disaster for its investment bankers

JefferiesAnd the Best Place to Work in the global financial markets 2017 is...

Register for Financial Markets News Alerts