UBS denies the allegations and says Tissier left for another job that he had begun interviewing for as early as August, according to the bank’s lawyer, Jean-Michel Segeron.
Bankers routinely turn to specialist labor courts throughout Europe in a bid to recoup lost bonuses and rehabilitate tarnished reputations. Earlier this month, Jerome Kerviel, who was convicted of causing a record trading loss of $5.5bn at Societe Generale, told a Paris employment tribunal he was suing the bank for even more claiming he was unfairly dismissed in 2008.
Meetings with his clients such as AXA SA were organized without his knowledge, Tissier said, and he was inexplicably demoted to salesman two months after having risen to the rank of sales account manager, his lawyer, Ivan Hecht, said.
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