Tribunal told of banker’s costly underperformance

A
banker suing Merrill Lynch for £7.5m for sexual discrimination was losing her
department £560,000 a week, an employment tribunal heard yesterday.

The
bank could not afford to keep Stephanie Villalba
as head of its European private client group, her boss Raymundo Yu said.

He
was forced to remove her from her post because she needed constant help, was
confrontational, authoritarian and was not the strong leader the bank needed,
he told the tribunal.

“In
the 20 years that I have performed a management role at Merrill Lynch, I have
never had to manage somebody as closely as I did Stephanie,” Yu said.

The
case continues at the tribunal in Croydon,
South London.

By Michael Millar 

 

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