Anorak News | Accusations Of Homophobia In Financial Services

Accusations Of Homophobia In Financial Services

by | 3rd, May 2007

FINANCE giant Zurich was in the dock yesterday after being accused of deliberately destroying a small company run by the gay activist and entrepreneur Ivan Massow.

The Guardian reports that the Zurich group initially joined forces with Massow’s company to offer financial services to the gay community. However, it is alleged that Zurich then reneged on an agreement to make its own policies more gay friendly, a move which lost Massow Financial Services its customers and reputation, eventually leading to its collapse.

Massow has accused the banking giant of deliberately setting out to destroy his company, once worth £22m, after he ran a poster campaign in the 90’s criticising Allied Dunbar, now part of Zurich, of homophobia.

The case at the Bristol high court continues.

Posted: 3rd, May 2007 | In: Money Comment | TrackBack | Permalink