Citigroup ex-Head of Pan-Asia Execution Services Philip John Shaw Files Hong Kong Lawsuit Against Citigroup for Compensation for Unfair Dismissal & Reputation Damage, Banned by Hong Kong SFC for 10 Years in 2023, ex-Equity Sales Trader Cindy Lui Won Hong Kong Tribunal Case in 2024 December for Unfair Dismissal in 2019 Without Notice & Payment-in-Lieu of Notice, 4 Citigroup ex-Equity Sales Traders Filed Unfair Dismissal Claims in 2025 March for Unpaid Pension Benefits & Notice-Period Payments, Citigroup Fired Team of Hong Kong Traders in 2019, United States SEC Imposed $44.8 Million Fine in 2022 on Citigroup for Dishonest Behaviour by Misrepresenting Buyers Demand When Executing Stock Trades for Clients from 2008 to 2018
25th March 2025 | Hong Kong
Citigroup ex-Head of Pan-Asia Execution Services Philip John Shaw has filed a Hong Kong lawsuit against Citigroup for compensation for unfair dismissal & reputation damage. In 2023, Philip John Shaw was issued a 10-year ban by Hong Kong Securities & Futures Commission (SFC). In 2024 December, Citigroup ex-equity sales trader Cindy Lui won the Hong Kong Labour Tribunal case for unfair dismissal in 2019 without notice & payment-in-lieu of notice. In 2019, Citigroup had fired a team of Hong Kong traders. In 2025 March, 4 Citigroup ex-equity sales traders have filed unfair dismissal claims in Hong Kong for unpaid pension benefits & notice-period payments. The 4 ex-Citigroup traders are Christopher So, Alrick Lee, Kenny Cheung & James Gleeson. In 2022, the Hong Kong Securities & Futures Commission (SFC) had imposed a $44.8 million fine on Citigroup for dishonest behaviour by misrepresenting buyers demand when executing stock trades for clients from 2008 to 2018. Cindy Lui was with Citigroup for 12 years, and lost $257,000 (HKD 2 million) in pension benefits & 2018 bonus. After her dismissal in 2019, Cindy was unable to find roles in major investment banks with similar pay. In her defence, Cindy Lui stated she did not deliberately misrepresent trades, and Citigroup group had provided limited guidance on such trading matters.
“ Citigroup ex-Head of Pan-Asia Execution Services Philip John Shaw Files Hong Kong Lawsuit Against Citigroup for Compensation for Unfair Dismissal & Reputation Damage, Banned by Hong Kong SFC for 10 Years in 2023, ex-Equity Sales Trader Cindy Lui Won Hong Kong Tribunal Case in 2024 December for Unfair Dismissal in 2019 Without Notice & Payment-in-Lieu of Notice, 4 Citigroup ex-Equity Sales Traders Filed Unfair Dismissal Claims in 2025 March for Unpaid Pension Benefits & Notice-Period Payments, Citigroup Fired Team of Hong Kong Traders in 2019, United States SEC Imposed $44.8 Million Fine in 2022 on Citigroup for Dishonest Behaviour by Misrepresenting Buyers Demand When Executing Stock Trades for Clients from 2008 to 2018 “
4 Citigroup ex-Equity Sales Traders File Unfair Dismissal Claims for Unpaid Pension Benefits & Notice-Period Payments, 4 ex-Citigroup Traders are Christopher So, Alrick Lee, Kenny Cheung & James Gleeson, Citigroup Fired Team of Hong Kong Traders in 2019, Hong Kong SFC Imposed $44.8 Million Fine in 2022 on Citigroup for Dishonest Behaviour by Misrepresenting Buyers Demand When Executing Stock Trades for Clients from 2008 to 2018
16th March 2025 – 4 Citigroup ex-equity sales traders have filed unfair dismissal claims in Hong Kong for unpaid pension benefits & notice-period payments. The 4 ex-Citigroup traders are Christopher So, Alrick Lee, Kenny Cheung & James Gleeson. In 2024 December, Citigroup ex-equity sales trader Cindy Lui won the Hong Kong Labour Tribunal case for unfair dismissal in 2019 without notice & payment-in-lieu of notice. In 2019, Citigroup had fired a team of Hong Kong traders. In 2022, the Hong Kong Securities & Futures Commission (SFC) had imposed a $44.8 million fine on Citigroup for dishonest behaviour by misrepresenting buyers demand when executing stock trades for clients from 2008 to 2018. Cindy Lui was with Citigroup for 12 years, and lost $257,000 (HKD 2 million) in pension benefits & 2018 bonus. After her dismissal in 2019, Cindy was unable to find roles in major investment banks with similar pay. In her defence, Cindy Lui stated she did not deliberately misrepresent trades, and Citigroup group had provided limited guidance on such trading matters.
Citigroup ex-Equity Sales Trader Cindy Lui Wins Hong Kong Tribunal Case for Unfair Dismissal in 2019 Without Notice & Payment-in-Lieu of Notice, Citigroup Fired Team of Hong Kong Traders in 2019, Hong Kong SFC Imposed $44.8 Million Fine in 2022 on Citigroup for Dishonest Behaviour by Misrepresenting Buyers Demand When Executing Stock Trades for Clients from 2008 to 2018
24th December 2024 – Citigroup ex-equity sales trader Cindy Lui has won the Hong Kong Labour Tribunal case for unfair dismissal in 2019 without notice & payment-in-lieu of notice. In 2019, Citigroup had fired a team of Hong Kong traders. In 2022, the Hong Kong Securities & Futures Commission (SFC) had imposed a $44.8 million fine on Citigroup for dishonest behaviour by misrepresenting buyers demand when executing stock trades for clients from 2008 to 2018. Cindy Lui was with Citigroup for 12 years, and lost $257,000 (HKD 2 million) in pension benefits & 2018 bonus. After her dismissal in 2019, Cindy was unable to find roles in major investment banks with similar pay. In her defence, Cindy Lui stated she did not deliberately misrepresent trades, and Citigroup group had provided limited guidance on such trading matters.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2025 Investment Day
- March - Hong Kong
- March - Singapore
- July - Hong Kong
- July - Singapore
- Sept- Hong Kong
- Sept - Singapore
- Oct- Hong Kong
- Nov - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
