Gay Banker & Schroders US Gender Claim Update

Gay banking executive Peter Lewis was fired by HSBC Investment Bank after he allegedly committed a lewd act in the firm gym. He is suing his former employer for $8.7m, as he claims that he was sacked just for being gay.

Up before the UK employment tribunal this week was Mark Bucknall, the man who, now retired from HSBC, fired Lewis back in 2004. Bucknall said that the bank believed the unnamed male banker who accused Lewis of wrongdoing, rather than Lewis himself, as the other banker 'seemed calm and confident in his story'. Bucknall said that HSBC did not take the decision lightly to fire Lewis from his position as global head of equities, as it had taken them 12 - 18 months to find him in the first place (He was actually only up the road at SocGen). He said that 'the negative commercial impact of the claimant's dismissal on the growth of the platform should not be underestimated'.

Meanwhile, over in the US, June Roberti has been in court pursuant to her claim for gender discrimination against former employer Schroders. A New York judge this week dismissed Ms Roberti's claims of compensation discrimination, but allowed the case to go forward on her assertions that she was denied promotion because of her gender. Ms Roberti worked from Schroders for 19 years, and claims that she was passed over for 3 promotions, that all went to less qualified men.

A spokesperson for Schroders said that 'the judge made no decision on the merits of this case. We have not yet had the opportunity to present our side, and we are confident that once we have had a chance to do so, the case will be dismissed'.

Have something to tell us about this article?

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...