The Japanese bank was first hauled into the London Central employment tribunal in November last year, after former employees Maureen Murphy and Anna Francis alleged they suffered from various incidents of sexual and racial abuse.
But the employment tribunal unanimously ruled in favour of Nomura and said that claims of unfair dismissal, race discrimination and sexual discrimination were “not well-founded”.
The tribunal also found Murphy and Francis’ dismissal was in part due to downsizing by Nomura after it purchased parts of Lehman Brothers and also as a result of the financial crisis. The judge ruled that the selection criteria for redundancy was fair.
A spokesperson from the bank said yesterday: “Nomura welcomes today’s decision in the Anna Francis and Maureen Murphy employment tribunal case.”
It is unclear whether or not Murphy and Francis will appeal yesterday’s decision, as their solicitor Shilpen Savani at Judge Sykes Frixou was unavailable for comment.