Ex-Commerzbank director loses employment suit against bank

Courtroom Gavel

A former Commerzbank director, who said she was discriminated against in an environment more akin to a fraternity and excluded from discussions held in German, lost her employment suit against the bank.

Bloomberg News reports that Jenus Fiouzi, a senior currency hedge-fund saleswoman in London, claimed she was given unfair bonus payments and eventually fired after about a year at the bank because because she was a woman and not German.

'If the bank wanted her to fail because she was a non-German woman, why did it hire her in the first place?' Judge Harjit Grewal said in a statement released Monday. 'The mere fact that two employees, who speak the same language, communicate with each other in that language does not amount to an act of race discrimination against someone who does not speak and understand that language'.

Fiouzi alleged that Commerzbank fostered a 'friends and mates culture' where there was 'a well entrenched guard of men', according to her witness statement. Those claims were unfounded, according to Grewal’s written judgement released Monday.

To access the complete Bloomberg News article hit the link below:

Fired Commerzbank Trader Loses Suit Claiming Bank Like a 'Frat'

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