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Verition faces wrongful dismissal lawsuit from former Asia-Pacific recruitment head

Reported · Written up by our desk · Equity Funds

Verition Fund Management is facing a wrongful dismissal lawsuit brought by its former Asia-Pacific head of business development, Xiang Liyao, who alleges she was terminated without valid grounds and denied a potential 2026 bonus, according to a report by Bloomberg. Xiang, also known as Elizabeth Xiang, filed a claim in Hong Kong’s High Court seeking damages for lost salary, benefits, potential bonuses and reputational harm. She alleges that Verition, which manages approximately $15bn, dismissed her in June despite positive performance feedback and a significant contribution to the firm’s regio

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Sources

HedgeweekVerition faces wrongful dismissal lawsuit from former Asia-Pacific recruitment head

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