Julius Baer Told to Rehire Staffer Who Alleged Iran, Russia Ties

A German court said Swiss lender Julius Baer Group Ltd. wrongly fired a staffer who claimed he was dismissed after flagging alleged sanctions violations linked to the onboarding of clients from Iran and Russia.

The bank’s Frankfurt arm failed to give a valid reason for dismissing the manager in early October, according to the details of a local labor court ruling from February, which were disclosed this week. The company said it’s appealing the judgment.