538prom精品视频在线播放The boss of banking lobby body UK Finance has quit just a week after he was accused of making "thoroughly unpleasant personal comments" about financier Amanda Staveley in a blockbuster court case.
Stephen Jones is accused of making the remarks to a colleague while working as a senior Barclays banker during the 2008 financial crisis.
538prom精品视频在线播放The text remains unknown but could be revealed when he appears as a witness during the £1.6bn legal battle next month.
Sources said that Mr Jones, who has also been accused of calling Ms Staveley's firm PCP Capital Partners “a bunch of scumbags” and "f-----s" during a phone call in 2008, wrote to Ms Staveley over the weekend to apologise.
538prom精品视频在线播放In a memo sent late Monday afternoon and seen by The Telegraph, UK Finance chairman Bob Wigley announced Mr Jones's sudden exit and told staff to contact him with any questions. It is not yet known who will replace him.
538prom精品视频在线播放"Stephen has rightly acknowledged that the comments he made regarding Ms Staveley in 2008 were inappropriate and do not meet the standards expected of leaders in our industry," Mr Wigley said.
538prom精品视频在线播放Mr Jones said he had apologised to Ms Staveley and to his colleagues for the 2008 comments and felt "it is right I step down from my role at UK Finance", adding: "I am very proud of what we have achieved since the formation of UK Finance in 2017."
Ms Staveley is suing Barclays over claims that PCP and the Abu Dhabi investors it represented were treated unfairly during a 2008 emergency fundraising.
538prom精品视频在线播放Mr Jones was among the Barclays bankers involved in the fundraising, which saved the bank from a taxpayer bailout. Ms Staveley's client, Sheikh Mansour bin Zayed Al Nahyan, whom she also helped buy Manchester City FC, became the bank's largest shareholder after contributing £3.5bn to the deal.
538prom精品视频在线播放Mr Jones was not part of a parallel criminal trial against former Barclays' bankers, which collapsed earlier this year, and there is no suggestion he has done anything wrong.
538prom精品视频在线播放However, the alleged comments posed a reputational risk for someone who has been at the forefront of City efforts to respond on Brexit and coronavirus on behalf of British banks.
538prom精品视频在线播放The existence of the comments was revealed as part of PCP's written opening statement to the court, which said that a "significant theme of Barclays' evidence is concerned with seeking to criticise the professional skill and competence of Ms Staveley".
538prom精品视频在线播放The document added: "This is regrettably consistent with some attitudes – reflected in some deeply unpleasant personal comments about her – professed by some of Barclays' most senior staff at the time. See, for example, Mr [Stephen] Jones’ thoroughly unpleasant comments about Ms Staveley" to a colleague on 27 October 2008.
538prom精品视频在线播放Addressing the High Court on the first day of the trial last Monday, Ms Staveley's barrister Joe Smouha QC said the case would lay bare the "pre-global financial crisis arrogance" of the banking industry, where the focus was on bonuses, money and "unfortunately also sexism and misogyny".
Mr Jones has championed efforts to improve City gender equality while working at UK Finance.
He has backed the Women in Finance Charter, which seeks to secure more senior roles for female bankers, and in a speech last September said: "As an industry we have crucial role to play in ensuring we recruit, build and nurture a diverse and inclusive workforce."