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De Rothschild left bank after sexual misconduct claim | |
(5 days later) | |
Sir Evelyn de Rothschild, pictured in 2016, left the bank which bears his family name in 2003 | Sir Evelyn de Rothschild, pictured in 2016, left the bank which bears his family name in 2003 |
The famous financier Sir Evelyn de Rothschild left the bank which bears his family name after an investigation into sexual misconduct in 2003, it has emerged. | The famous financier Sir Evelyn de Rothschild left the bank which bears his family name after an investigation into sexual misconduct in 2003, it has emerged. |
De Rothschild, who died two years ago, was a leading figure in British banking, and financial adviser to Queen Elizabeth. | De Rothschild, who died two years ago, was a leading figure in British banking, and financial adviser to Queen Elizabeth. |
The details were published in an internal memo circulated in response to a Guardian article accusing him of sexual assault and harassment against women working in the bank in the 1990s. | |
The memo said it found "no evidence" to support those allegations. | The memo said it found "no evidence" to support those allegations. |
A spokesman for the bank said it "does not tolerate and never will tolerate behaviour of this nature." | A spokesman for the bank said it "does not tolerate and never will tolerate behaviour of this nature." |
The memo, first published by the Daily Telegraph, said: "We discovered a single complaint of sexual misconduct in late 2003." | |
"This case was investigated immediately, dealt with appropriately, with full support for the colleague concerned, and led to Sir Evelyn de Rothschild leaving the group in March 2004." | "This case was investigated immediately, dealt with appropriately, with full support for the colleague concerned, and led to Sir Evelyn de Rothschild leaving the group in March 2004." |
"We have found no record of any other complaint relating to Sir Evelyn," the memo added. | "We have found no record of any other complaint relating to Sir Evelyn," the memo added. |
The Guardian report said that at least eight sources had alleged that Sir Evelyn used his position at the bank to abuse women who worked with him. | The Guardian report said that at least eight sources had alleged that Sir Evelyn used his position at the bank to abuse women who worked with him. |
The women felt unable to raise their concerns at the time because of Sir Evelyn's position at the bank and in society, the article said. | The women felt unable to raise their concerns at the time because of Sir Evelyn's position at the bank and in society, the article said. |
As well as his role advising the Queen, Sir Evelyn occupied a prominent position in British life, and was chairman of the Economist and on the board of the company which owned the Daily Telegraph. | As well as his role advising the Queen, Sir Evelyn occupied a prominent position in British life, and was chairman of the Economist and on the board of the company which owned the Daily Telegraph. |
He spent more than 40 years at the family firm, including 28 years as chair of NM Rothschild, the group's UK-based investment bank. | He spent more than 40 years at the family firm, including 28 years as chair of NM Rothschild, the group's UK-based investment bank. |
He was knighted in 1989. | He was knighted in 1989. |