{
Philip John Shaw

People

}
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001122334455554433221100

ex-citigroup director sues bank over wrongful dismissal and reputational damage

Philip John Shaw, former head of Pan-Asia Execution Services at Citigroup, has filed a lawsuit in Hong Kong's High Court against the bank for wrongful dismissal in March 2019, seeking compensation for lost retirement benefits and reputational damage. This follows similar claims from ex-colleagues after the bank's Asia markets division faced regulatory scrutiny for misconduct. In March 2023, the Securities & Futures Commission banned Shaw from the industry for 10 years, citing his failure to meet senior management standards.
Yahoo Finance
Hong Kong Dollar Citigroup Global Markets Asia Ltd. HKG Philip John Shaw
Regulatory & Legal, News Article
08:13 24.03.2025

ex-citigroup executive files lawsuit against bank for wrongful termination

Philip John Shaw, former head of Pan-Asia Execution Services at Citigroup, has filed a lawsuit in Hong Kong’s High Court against Citigroup Global Markets Asia Ltd. following his dismissal in March 2019. He contests the termination, seeking monetary compensation for lost retirement benefits and reputational damage. Other ex-sales traders have also initiated similar claims against the bank.
Bloomberg.com
Citigroup Global Markets Asia Ltd. HKG Philip John Shaw
Regulatory & Legal, News Article
04:10 24.03.2025
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