China Renaissance Securities Accused of Sex Bias by Former Exec

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By Porter Wells

Male executives at the New York offices of a Chinese investment bank are accused in a new lawsuit of creating a demeaning and hostile work environment for a female colleague and then firing her.

Chelsea Jia was the vice president of equity sales at China Renaissance Securities’ New York office for 11 weeks. Over that short period of time, Jia says, the company’s president and general counsel told her she was “too aggressive” and should “be more quiet,” and they participated in spreading rumors about her sex life.

China Renaissance values aggressive, opinionated salesmen, but those traits weren’t valued in their saleswomen, Jia says in her lawsuit. Jia alleges she was characterized as a stereotypically devious “Shanghai woman” who should “not be trusted.” When large clients requested she handle their accounts, Jia says, she was told to “stay in her lane,” according to the complaint.

Representatives from China Renaissance were not immediately available for comment.

Jia is suing China Renaissance and two male executives for allegedly fostering a hostile work environment based on her sex, in violation of Title VII of the 1964 Civil Rights Act.

Mark W. Lerner and Jessica T. Rosenberg of Kasowitz Benson Torres LLP in New York represent Jia. Attorneys for China Renaissance haven’t yet entered an appearance.

The case is Jia v. China Renaissance Securities, Inc., N.Y. Sup. Ct., No. 158516/2018, complaint filed 9/13/18.

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