Ex-Citigroup trader wins unfair dismissal case

Citi Building Canary Wharf

A Citigroup foreign-exchange trader who was suspended while on maternity leave won her employment suit against the bank, after a London court found the firm acted unfairly when disciplining her.

Bloomberg News reports that Carly McWilliams, who worked on the spot-trading desk for 14 years and was disciplined for sharing confidential information with traders at other banks, said she was “delighted” when contacted Friday after winning her case for wrongful and unfair dismissal.

Although the court found that Citigroup failed to follow proper procedures before she left the bank, the judge decided she had contributed to her suspension, according to a person familiar with the judgment. The finding will likely limit her financial award.

"It has been a very stressful and difficult fight lasting over two years against an army of legal professionals, but it was fundamentally important to me that I take a stand and defend my reputation," McWilliams said in an e-mailed statement. "Whilst winning this case will not restore my situation to what it was previously, it will hopefully clear my name and allow me to move on with my life."

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

Ex-Citigroup Currency Trader Wins U.K. Unfair Dismissal Case

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