An Australian banker who worked in London for the investment bank Dresdner Kleinwort is seeking compensation after claiming he was forced out of the firm because he was not German enough.
As the former head of the fixed income division at the firm, Malcolm Perry was earning over £2 million a year.
He alleged that he was forced out of the company last year because he was not German and did not speak the language.
At an employment tribunal in London, Mr Perry said that he had been first sidelined and then made redundant as senior colleagues operating in Frankfurt hatched a plan to turn the company "back into a German bank".
He also alleged that the concerns he raised with senior management concerning the issue were ignored.
Dresdner Kleinwort, however, deny the claims and the hearing continues.
According to statistics from the Tribunals Service, the number of employment tribunals in the UK rose by eight per cent last year.