A former Barclays Plc unit managing director in Latin America sued the company over its pullback from the region, claiming the bank broke a contract with him and violated New York human rights laws for allegedly discriminating against employees of Latin American descent.
Bloomberg News reports that Barclays Capital lured former wealth-management employee Ramon Manuel Hache with promises of expansion in Latin America in 2012 only to end much of its business there about two years later, according to Hache’s complaint filed Tuesday in federal court in Brooklyn, New York.
Hache said Barclays effectively terminated him when it eliminated his business and ousted more than 30 other employees who worked with clients investing with the Latin American desk. The terminated workers were generally of Latin American or Spanish ancestry, he said.
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