Ex-Barclays executive said to be contemplating race, ageism case against the bank
Barclays' chief executive Jes Staley has got a lot on his plate right now, with Edward Bramson lurking on the sidelines and the ongoing reports of his meetings with Jeffrey Epstein before he became Barclays' CEO. The talk within Barclays is that he could soon have another pain point to deal with - a senior executive is rumoured to be contemplating bringing a case against the bank.
Art Mbanefo left Barclays in April one week after his boss, Tim Throsby. Mbanefo was Throsby's deputy, and was charged with raising the miserable return on equity in the investment bank. He joined in 2009 after several years in hedge funds and a period in prime brokerage at Credit Suisse, and was head of the markets division in Europe and Asia before being promoted by Throsby in 2017.
Mbanefo didn't respond to attempts to contact him about his alleged intentions. It's understood that Mbanefo hasn't filed a case, but one senior Barclays insider claimed Mbanefo is contemplating a wrongful dismissal claim citing discrimination against over 50 year-olds and on the grounds of race.
Barclays declined to comment. It declined to comment too on Staley's 2015 to Epstein's island with his wife, which has upset some Barclays bankers in New York.
Barclays runs a global diversity program with a focus on allowing, people 'of all backgrounds [to] feel confident in bringing their whole selves to work' and an emphasis on inclusion for individuals across the disability, gender, LGBT, multicultural and multigenerational spectrums.
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