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IFM Pays Ex-Analyst Who Said Executive Invited Her to Hotel Room

  • Australian fund manager pays $353,000 to settle case: Times
  • Abildgaard hopes case will encourage others to seek justice
Muji Hotel Ginza And Muji Diner Media Tour (Stills)
Photographer: Akio Kon/Bloomberg

IFM Investors has paid a reported 270,000 pounds ($353,000) to settle a claim of sexual discrimination brought by a former analyst who alleged that an executive had invited her to join him in his hotel room during a business trip.

Nathalie Abildgaard sued the Australian infrastructure fund claiming that she had suffered psychiatric damage after an executive director, Frederic Michel-Verdier, sexually harassed her while they were at a Madrid nightclub celebrating a deal, telling her he could teach her “a lot about sex.” She told a U.K. employment tribunal that she had no choice but to resign from the company.