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UBS Trader Sues Claiming Stress Damaged His Mental Health

  • Simon Rope is seeking over $273,000 from the Swiss bank
  • UBS denies any breach of duty care for veteran U.K. trader
Updated on

A UBS Group AG trader sued his employer over allegations the “toxic” London work environment and “punishing workload” caused his mental health to deteriorate so far he was no longer able to work.

A 35-year veteran at the Swiss bank, Simon Rope, is seeking more than 200,000 pounds ($273,000), for negligence over an anxiety disorder caused by “the stress to which he was subjected in” UBS’s London office, his lawyers alleged in a U.K. lawsuit. Rope has survived at least 17 rounds of redundancies but hasn’t returned to the trading floor since 2018, they said.