Former New Star CIO Theo Zemek revealed in yesterday's tribunal the atmosphere was so poisonous under John Duffield's regime that she was petrified her mobile phone would be "impounded".
In a witness statement submitted to the tribunal but not read out, Zemek recalled the day in which she was too scared to bring her personal mobile phone to work. Zemek said in late 2005, the day after she had lunch with a journalist, an unfavourable article about New Star appeared in the Daily Telegraph which resulted in Duffield losing his cool. "I was terrified Duffield would attribute the comments in the article to me and I feared my mobile phone would be taken off me and impounded so I had to take my son's phone into work as I feared I would lose all my personal contact numbers," ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
