BT Financial Group's Chief Investment Officer, has parted ways with the company without a bonus or termination payments, following a number of complaints by two female staff about his behaviour.
Martyn Wild, BT Financial Group's Chief Investment Officer, has parted ways with the company without a bonus or termination payments after his position became "untenable."
BT is the wealth management subsidiary of Westpac Banking Corporation. finews.asia recently flagged up the news on the Web's Best segment that the senior executive was facing sexual misconduct allegations.
Australian newspaper «The Sydney Morning Herald» reported that Wild became embroiled in controversy when Fairfax Media revealed allegations of misconduct against him. The allegations related to a number of complaints by two female staff about his behaviour.
Gender Friendly
The alleged complaints against Wild centred on inappropriate contact and commentary which included telling a female staff member her appearance and weight would hinder her career prospects.
A Westpac statement confirmed Wild's departure "effective immediately, and noted that Wild had previously been disciplined for breaches of Westpac's code, relating to a number of recent allegations.
It is an embarrassing episode for the Australian bank which likes to promotes its credentials as a gender friendly and supportive organisation.
Wild's position will be filled on an interim basis by the current head of asset allocation, Corrin Collocott.
