Citi Sued by More Ex-Sales Traders Over 2019 Hong Kong Firing
Live Mint-- Three former Citigroup Inc. equity sales traders filed wrongful termination claims against the US bank in Hong Kong this month, after a court in the city ruled that one of their ex-colleagues shouldn’t have been summarily dismissed in 2019. Christopher So and Alrick Lee, who used to be directors in Citigroup’s Asia Sales Trading division, and Kenny Cheung, a former vice-president, are seeking at least compensation for unpaid pension benefits and notice-period payments, according to a Hong Kong judiciary notice and people familiar with the matter. In late 2024, Cindy Lui, an ex-sales trader on the same team, won a favorable ruling from Hong Kong’s Labour Tribunal after she filed an unfair dismissal claim against the bank. Prior to this year, three ex-Citigroup sales traders in London, Tokyo and Hong Kong had filed wrongful dismissal suits against the bank, accusing it of conducting unfair and hostile internal investigations and scapegoating them.
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Ex-Citigroup Asia Managing Director Shaw Sues Bank in Hong Kong
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