A jet-setting financier known as the ‘Insta-banker’ has launched a bitter court battle against his former lawyers.
Anthony Watson heads the Bank of London and is the only openly gay chief executive of a British bank.
He is taking legal action against City law firm Simmons & Simmons.
Court battle: Anthony Watson heads the Bank of London and is taking legal action against City law firm Simmons & Simmons
Watson’s financial services start-up, which has Lord Mandelson on the board, has accused Simmons & Simmons of a conflict of interest and of failing to protect its confidential business plans.
The Bank of London is a newly-licensed clearing bank that will process payments in Britain and abroad.
It is still yet to formally launch and does not have any customers. Watson caused a stir after posting pictures of his lavish lifestyle on Instagram.
A bank spokesman said: ‘Simmons & Simmons displayed contempt for us as a client. We won’t be bullied. We will see this through to the end.’
Simmons & Simmons was contacted for comment.
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