Bloomberg News

Sberbank London Salesman in ‘Cokehead’ Claim Said to Leave Bank

April 09, 2013

David Longmuir, head of equity sales at OAO Sberbank’s London unit, agreed to step down after being accused of referring to a colleague as “Ms. Cokehead,” according to two people with knowledge of the matter.

Colleagues on the equity sales desk, all men, created a hostile work environment and displayed “a demeaning and offensive attitude to women,” Svetlana Lokhova alleged in documents from her U.K. employment tribunal claim against Sberbank CIB (UK) Ltd. Lokhova took a leave of absence in January 2012 and hasn’t returned since.

Lokhova accused Longmuir of sending e-mails to clients saying they were “awaiting arriving of Ms. Cokehead,” and “they’ve hired mad Svetlana to do equity sales,” according to her claim. She had left what was then Troika Dialog’s London operation in 2010 and rejoined in 2011. Sberbank acquired Troika in January 2012.

Longmuir, 50, will leave the bank on April 12 by mutual consent, said the people, who asked not to be named as the information isn’t public. Longmuir declined to comment today when reached by Bloomberg on his office phone.

Sberbank CIB will defend itself and is “confident that it has acted appropriately and lawfully,” Paul Marriott, a spokesman, said today in an e-mailed statement, declining to comment further because the matter is subject to an employment tribunal.

To contact the reporter on this story: Jason Corcoran in Moscow at jcorcoran13@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net


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