A Credit Suisse mergers-and-acquisitions banker accused on a blog of manhandling interns at a party hosted by the Swiss bank has left.
The rumor spread like wildfire from Credit Suisse's Madison Avenue U.S. headquarters in New York via U.S. investment banking portal «Dealbreaker»: a managing director in mergers and acquisitions reportedly harassed summer interns at an outing sponsored by the Swiss bank, locking himself in an room with one until other interns called security.
The Swiss bank opened an internal investigation into the banker's alleged behavior and, this week, parted ways with him a spokeswoman said. She didn't name the banker, a managing director, or provide a specific reason for his departure.
Rising Awareness
Investment banks have become far more sensitive to breaches in the workplace since a wave of complaints about high-profile men in media and entertainment, dubbed the #metoo movement, have emerged in the last year.
«We have robust escalation policies and channels in place through which complaints about conduct can be reported by employees, and we encourage all employees to do so. Where complaints arise, they are thoroughly investigated and, where called for, consequences are appropriately handled», Credit Suisse's spokeswoman said.
Anti-Harassment Job
Last week, the bank also appointed Antoinette Poschung, a veteran human resources executive of the bank, to a new role to fight sexual harassment in the workplace. She is to review all sexual harassment claims and carry out a review of training practices and policies at the bank, «Reuters» reported.
CEO Tidjane Thiam has pledged zero tolerance against harassment, getting personally involved recently in an eight-year-old case at the bank after a former employee personally appealed to him in writing.
