HSBC banker said seeks $23m claiming he was treated with 'utter disrespect'

The bank is expected to defend itself vigorously.

HSBC was sued by a manager who said he was underpaid and ultimately dismissed because senior staff had a problem with the fact he was Turkish and a Muslim.

Bloomberg News reports that Habib Kaya Biber, the former co-head of the bank’s industrials unit, was treated with 'utter disrespect' after 10 years at the bank, his lawyers said in documents filed at a London employment tribunal Tuesday. He is seeking $23m, HSBC said in its own filing.

HSBC 'has not offered a consistent or coherent explanation as to why it sought to remove one of the co-head positions', Biber’s lawyer, Richard Leiper, said in documents prepared for a trial that started this week. He was fired because of his religious, 'national or ethnic origins', Leiper said.

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

Fired HSBC Executive Sues for $23 Million Amid Racism Allegation

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