Tuesday, November 1, 2016

ANZ going through $30 million lawsuit from sacked employee over ‘toxic’ culture of sleaze



Former dealer Etienne Alexiou, who turned into stood down by way of ANZ ultimate yr over alleged “relatively offensive and beside the point” language in emails and chats on his Bloomberg terminal, has launched a $30 million lawsuit towards his former company.
The dealer become one in every of seven who became stood down as a part of an inner fee-fixing investigation in November 2014, however the employer mentioned his offensive language in greater than four hundred inner and outside communications as motive for his dismissal.
In his suit, Mr Alexiou claims he become “uncovered to a tradition” on the bank that “openly condoned” such behaviour, and that he time and again raised worries with control approximately unethical behavior closer to customers.
The financial institution alleged seven times of lewd and sexually explicit chat messages approximately “gang bangs” and having women eat sushi off him, in keeping with the record. In his fit, Mr Alexiou claims one senior dealer stated “what a waste, it have to have been sprinkled on a birthday cake”, after a “white substance” become discovered within the male rest room.
He info some of such claims as evidence of a toxic way of life within ANZ’s international markets division. Former ANZ bond salesman Patrick O’Connor has additionally his out at ANZ’s “toxic culture” in a separate criminal in shape, after he was fired for alleged misuse of the company credit score card and specific feedback on his Bloomberg terminal.
ANZ refuted the claims, telling Fairfax that “some of the allegations made in each claims are not accurate and those inaccuracies will become apparent as the topics proceed through the courtroom device”.

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