Employee sues after refusing to take part in alleged initiation ritual

A 'boorish' initiation ritual allegedly called 'the run'.

BGC Partners was sued by a former broker who said he was subjected to a campaign of abuse after refusing to take part in a 'boorish' initiation ritual called 'the run'.

Bloomberg News reports that Robert Bou-Simon, who was head of the basis swaps desk in London, said he was mistreated by colleagues and managers, and eventually forced to resign, according to his witness statement at a U.K. employment tribunal Wednesday. He also says he was taunted because he was a fan of West London soccer club Chelsea and an Australian rugby team.

The tradition requires 'brokers to run across the floor whilst others throw water at them after they complete their first trade', Bou-Simon said. He said the practice was unsafe, citing an incident where an employee was taken to the hospital after colliding with a piece of furniture. BGC said Bou-Simon was subject to disciplinary investigations and had fallen asleep at his desk.

Bou-Simon’s refusal to do the run after he joined the firm in 2012 'did not go down well with my colleagues on the floor' who chanted 'only real men run', according to his witness statement. Bou-Simon, an Australian citizen, alleged a manager called his behavior 'downright un-Australian'.

To access the complete Bloomberg article hit the link below:

BGC Sued by Broker Who Refused Water-Throwing Initiation Ritual

Man Group Considering Acquisition of Numeric in Boston

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

Register for Financial Markets News Alerts