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Omar Alami was responsible, among other things, for Belgian, Swiss and Luxembourg derivatives trading at BNP Paribas. The discredited banker demands 3.6 million euros for unfair dismissal. He never claims to have treated colleagues humiliatingly and aggressively in the workplace.
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With an annual salary of 1.2 million euros, Alami was doing well until he was fired in 2019. The reason was an internal report that exposed how he terrorized subordinates. Alami is now demanding 3.6 million euros in compensation for unfair dismissal.
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The concrete reason for his dismissal was an outburst against a trader. The man would have made a mistake with a cost of 800,000 euros. Alami publicly called him “worthless” and “incompetent.” According to BNP Paribas, the man had to go on sick leave for two weeks after the incident. The document also contains testimonies from other employees accusing Alami of “emotional terrorism.”
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Alami confessed that his response was “lively,” but said he was never humiliating or aggressive. Aurélie Fournier, a BNP lawyer, stated that Alami was a good worker. Although BNP Paribas noticed problems in its communication style and even paid for coaching lessons, the bank had no idea of the magnitude of the problem.
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Ironically, the mistake that caused Alami to go through the roof in 2019 turned out to be a false alarm.
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A trading floor is a stressful environment where things can get tough at times. BNP said it “has taken all measures to protect its employees”. “It’s rare for people to speak out on the trading floor,” Fournier says. “Some feared for their careers.” Ironically, the mistake that caused Alami to go through the roof in 2019 turned out to be a false alarm.
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