24 March 2009
City banker takes ex-employer to employment tribunal
A City banker is taking his former employer to tribunal in a case of alleged race discrimination.
Achim Beck, a German national, claims that Canadian Imperial Bank of Commerce (CIBC) favoured employees who were connected with Canada when making redundancies.
He was employed by the firm, which claims to have around 11 million individual, small business and commercial banking clients globally, as a managing director within its fixed income and currencies division.
He was made redundant in May last year.
The tribunal was supposed to take place earlier this month but has been delayed over a disagreement concerning CIBC's refusal to disclose internal documents that Mr Beck alleges lend support to his case.
CIBC, meanwhile, says it will defend the matter.
A spokesperson for the organisation said: "An appeal of this decision is scheduled in the UK appeal court in June. We believe the underlying claim is without merit and we intend to defend the matter vigorously."