Credit Suisse Said to Be Investigating Two Equities Traders
Zoe Henderson and Andrew Davis, who runs the desk, are being probed, said the person, who asked not to be identified because they weren’t authorized to speak publicly. Both remain employees of the bank, the person added. Henderson has been listed as inactive on the Financial Conduct Authority’s register since Feb. 13 and Davis since Aug. 4.
Henderson was accused by the bank of improperly sharing client communications with her husband, an equities trader at Royal Bank of Canada, through electronic chat rooms, the Wall Street Journal reported earlier today, citing unidentified people with knowledge of the matter. Henderson has told Credit Suisse her actions didn’t penalize clients and were normal practice, the newspaper said. Her husband, Toby Henderson, remains in his job and hasn’t been accused of wrongdoing, the Journal said.
Toby Henderson declined to comment to Bloomberg today. His wife couldn’t be reached through Credit Suisse, or located through directory assistance or Internet searches. Davis didn’t respond to messages left on his mobile phone.
The investigation also unearthed evidence of other employees on the desk using racist and profane language as well as watching sex videos in the workplace, the Wall Street Journal said. Henderson had complained in writing about her colleagues’ inappropriate behavior, the newspaper added.
“Any allegations of this nature are taken very seriously,” Credit Suisse said in an e-mailed statement to Bloomberg News, referring to the traders’ alleged behavior. “We would have no tolerance for the kind of unacceptable behavior alleged in this account which would be in clear violation of our policies and the high standards we expect of all employees.”
Toby Stroh, Davis’s lawyer at Druces LLP in London, declined to comment to Bloomberg News. Earlier, he told the Journal his client vigorously denies Henderson’s allegations.
To contact the reporter on this story: Ambereen Choudhury in London at email@example.com