Citigroup probes senior IPO banker over bullying claims
NEW YORK: Citigroup is investigating workplace harassment allegations made by at least one employee against a senior US banker who works on initial public offerings, four people with direct knowledge of the matter said.
Edward Ruff, a managing director in Citi’s equity capital markets group in New York, has been on leave since January, according to the people, who requested anonymity to speak freely.
The bank is probing at least two instances of alleged abusive behaviour by Ruff against several subordinates on the industrials, energy and power team he runs, they added.
One incident under investigation took place on the morning of Nov 13, when Ruff shouted insults at members of his team at the end of a meeting on the fourth floor of Citigroup’s New York headquarters, according to seven people who were either present or were briefed by attendees.
Ruff was upset…
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