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Future of British Business

Ex-Deutsche Bank Exec Says Age and Sex Bias Got Her Fired

  • Elisabeth Maugars sues lender at London employment tribunal
  • Deutsche Bank rejects claims saying they were unsubstantiated

A former Deutsche Bank AG managing director said she was put up for redundancy purely because of her age and gender, just as executives in London feared the Covid pandemic would hit lending to the bank’s wealthy clients.

Elisabeth Maugars, who was 57 at the time she was dismissed, sued the bank at an employment tribunal in London, saying she suffered discrimination by bosses who were younger than her and “uncomfortable” with her age. She says a senior executive told her the bank “had and continues to have a major problem with senior women.”