Following a lawsuit filed by a managing director within the company, a high-ranking Citigroup official encouraged employees to report any instances of inappropriate behaviour in a memo sent to employees. According to the lawsuit, she was sexually harassed by an equities manager.
Ardith Lindsey, managing director at Citigroup, filed a lawsuit against the bank in New York, alleging that it downplayed her complaints about Mani Singh. Singh previously served as the cash equity execution services North America markets head before resigning in November of last year.
Lindsey charged the bank, claiming that the equities division fostered a’notoriously hostile’ environment. She claimed that Singh subjected her to sexual harassment and abuse, as well as death threats.
Citigroup stated its intention to defend itself against Lindsey’s allegations following the filing of the complaint.
In response to these allegations, Andy Morton, Citigroup’s global head of markets, stated on Tuesday, November 21, 2023, that no colleague should face discrimination or harassment, according to Bloomberg. In addition, referring to the recently filed lawsuit, he stated that if unacceptable behaviour is identified, the company will take decisive action.
Morton also emphasised the importance of each individual in fostering a culture of the highest standards. He stated that it is critical for everyone to step in when they witness misconduct. If someone witnesses or experiences inappropriate behaviour, they are encouraged to report it through official channels without fear of retaliation. Reporting to managers, contacting human resources, or calling the company’s ethics hotline are all options.
Citigroup is a global financial institution that offers a variety of financial services such as banking, investment, and wealth management. Furthermore, the bank’s business segments include consumer banking, institutional clients group, and global consumer banking.