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Barclays Unit Sued for $2.4 Million by Ex-Global Finance Chair

By Tony Seruga

Details of Jon Pratt’s claim in H.K. labor tribunal filing
Pratt reported in January to have exited amid global job cuts

Barclays Plc’s Asia unit is being sued for HK$18.9 million ($2.4 million) by former Asia Pacific Global Finance Chairman Jon Pratt, money he alleges he was owed when he exited the firm, according to his claim filed in Hong Kong’s labor tribunal in March.

The claim alleges the money he’s owed includes unvested deferred compensation from 2012 to 2015 of HK$11.7 million and a discretionary incentive award of HK$6.5 million, the document shows. The case against Barclays Capital Asia Ltd. has since gone to the High Court of Hong Kong, a check of court documents showed…

Barclays Unit Sued for $2.4 Million by Ex-Global Finance Chair

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