Skip to content
Future of British Business

Ex-Deutsche Bank Exec Loses UK Age and Discrimination Suit

  • London tribunal rules Maugars wasn’t discriminated against
  • Deutsche Bank says it is committed to a culture of inclusivity
A Deutsche Bank AG branch in Frankfurt, Germany.

A Deutsche Bank AG branch in Frankfurt, Germany.

Photographer: Krisztian Bocsi/Bloomberg

Updated on

A former Deutsche Bank AG managing director who said she was dismissed because of age and gender discrimination lost her court battle with the lender after a London tribunal ruled it didn’t break any rules when she was made redundant.

Elisabeth Maugars, who was 57-years-old at the time of her dismissal, was let go after executives moved to combine lending groups at the height the Covid-19 pandemic. The judges rejected Maugars argument that she was discriminated against, saying that the bank simply needed fewer employees to do the work “however important, complex and demanding.”