Business
IOOF backs male executive accused of groping female colleague – The Australian Financial Review
IOOF is standing behind its deputy chief investment officer, Stanley Yeo, despite allegations the prominent fund manager groped a female employee’s breasts multiple…
“Once the complaint was raised, which was after the complainant’s departure, IOOF immediately commenced its formal grievance handling processes,” said an IOOF spokeswoman.
“At the conclusion of the formal grievance handling processes it was determined that there were no grounds to remove Mr Yeo or Mr Acosta from the workplace.”
However, the powerful Australian Council of Superannuation Investors ( has warned IOOF’s “social licence” is at risk pending its management of the serious charges.
“Whilst…
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