For Recruiters
He says he was systematically discriminated against over a 12 month period.

White male banker from "prestigious university" claims discrimination

Investment banks are becoming more diverse, but it's still hard to claim that they're bastions of diversity when - for example - just 27% of the people recently promoted to managing director at Credit Suisse were women. As efforts are made to correct the imbalance, some white male bankers complain they're being unfairly overlooked.

One of those bankers took his case to the British employment tribunal system but has had it thrown out on a technicality.

As first reported in Financial News, B Drummond, a former member of Lloyds Bank's large corporates team in the UK, complained that as a white male he was subject to systemic "direct sex and race discrimination" at the bank over a period of 12 months in 2020.

Best comment picked by the author
It sounds as if the court did feel he was discriminated against, but didn't want to pass judgement saying so because the claimant was male. Probably worried that the floodgates would open. This case is the tip of the iceberg - discrimination against males is rife but there is still stigma and lack of media support for those who come forward.

Drummond, who the judge described as, "an extremely intelligent and articulate individual," with, "very impressive grades in secondary school culminating in a degree with a very prestigious university," was first placed at risk of redundancy in January 2020 after he ranked in the bottom 5% of employees in the large corporates group. - He claims that this scoring process represented the first instance of discrimination. 

Drummond didn't lose his job, however. Instead, from 23 March 2020 until 30 September 2020 he moved jobs within Lloyds and became a member of the corporate and institutional debt team, covering a colleague who was on maternity leave. During that period, he applied for an alternative job, two grades below his previous role, in the large corporates team. However, he was unsuccessful. In August 2020, he applied for a role at his previous grade in the large corporates team, but was unsuccessful again. Both roles appear to have gone to candidates from diverse groups. Instead, he was given a short term opportunity in the real estate credit team between October and December 2020, and then his role was terminated. 

Drummond, whose first name isn't given, claimed that although the three instances of alleged discrimination appear unrelated, the managers involved in his complaints, "were within a close-knit management group within the respondent and operated under the same cultural mores."

The judge who considered the case said that while Drummond's claims might have had some merit, it was impossible to establish whether he really had a case without far more detailed evidence than Drummond provided. However, he ran out of time for providing supplementary detail. Drummond submitted his claim form to the Tribunal in March 2021, two months after the deadline for doing so. His argued for more time on the basis that he hadn't wanted to upset Lloyds by bringing a case while he was still working there, but the judge deemed this, "an unsatisfactory and unconvincing explanation for delay."

B. Drummond has presumably, therefore, been looking for a new banking job in London ever since. 

Download our full salary and bonus survey here. 

Have a confidential story, tip, or comment you’d like to share? Contact: in the first instance. Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher)

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

Photo by Bogdan Todoran on Unsplash

AUTHORSarah Butcher Global Editor
  • An
    8 January 2022

    Even Lloyds' response to the claim was discriminatory. If it was a female who was claiming they would have settled. Because its a male they are defending.

  • An
    8 January 2022

    I've heard of agencies being paid higher commissions to put forward female candidates in certain banks, also of only female candidates being considered for certain roles.

  • An
    8 January 2022

    It isn't just white male bankers who complain about being overlooked, its male bankers of every ethnicity.

  • An
    8 January 2022

    There isn't an 'imbalance', at least in the way implied. Depending on the number of suitable candidates for MD at Credit Suisse, it might be a case of not 'just' 27% were women, but 'generously 27% were women. Its much easier to become an MD as a female at the moment than as a male.

  • Le
    7 January 2022

    This is the new normal - inverted discrimination. What happened to meritocracy? Why not hire the best performing/best background candidate? What's wrong with that? If one rejects the best candidate only because they are not white or not from Oxbridge, than this is another story ...

Show more

Apply for jobs

Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Latest Jobs