Evelyn de Rothschild left bank after misconduct claim

Sir Evelyn de Rothschild, the renowned financier who passed away two years ago, departed from the bank bearing his family name in 2003 following a sexual misconduct investigation. Sir Evelyn was a significant figure in British banking and also served as a financial advisor to Queen Elizabeth II, leaving behind a notable legacy.

The relevant details were disclosed in an internal memo, which was a response to an article published by The Guardian alleging that he sexually assaulted and harassed women working at the bank in the 1990s. The memo stated that it found "no evidence" to support the allegations, although the investigation was taken seriously.

A spokesperson for the bank stated that the institution "does not and never will tolerate behavior of this nature," emphasizing the firm's commitment to a safe working environment. According to the memo, first released by The Daily Telegraph, "We were made aware of a complaint regarding sexual misconduct in late 2003."

The memo added: "This case was immediately investigated and dealt with appropriately, with full support provided to the colleague concerned, and resulted in Sir Evelyn de Rothschild leaving the Group in March 2004. We have found no record of any other complaints relating to Sir Evelyn." This reflects the seriousness with which the bank treated the matter.

The Guardian's report stated that at least eight sources claimed Sir Evelyn used his position at the bank to abuse women who worked with him. The article further alleged that these women felt unable to raise their concerns at the time due to Sir Evelyn's status within the bank and in society, highlighting the power dynamics at play.

In addition to serving as an advisor to the Queen, Sir Evelyn occupied a prominent position in British life, having served as Chairman of The Economist magazine and as a director of the company that owns The Daily Telegraph. He worked in the family business for over 40 years, including 28 years as Chairman of the Group's UK-based investment bank, NM Rothschild. He was knighted in 1989, marking a high point in his career.