New Rochelle CFO says German company fired her over pregnancy


New Rochelle woman who set up the US office of a German-Swiss financial services company and landed a big contract says the predominantly male company dismissed her and then fired her because she got pregnant .

Anna Dayn accused XTP AG and XTP Implementation Services Inc. of discrimination, in an October 18 lawsuit filed in the U.S. District Court in White Plains.

Anna dayn

Almost immediately after telling executives she was pregnant, she said, management “launched targeted attacks aimed at undermining her and making her work experience unbearable.”

The alleged attacks included his replacement by a male, demotion, cutting off communication with senior management and denial of promised compensation.

Attempts to contact XTP for its side of the story have failed.

XTP takes a percentage of the savings it trades for pension plans and large investment groups from the fees their clients pay on investments.

XTP hired Dayn in 2016 to set up an office in the United States. She graduated with an MBA in finance from the Wharton School and had worked in finance for almost 20 years in New York, London and Zurich.

She was hired as a consultant through Dayn Advisors, a private equity consulting firm she started in 2013, for $ 126,000 per year and a 15% commission on all Northeast income. Americans.

The consultancy contract was used to “hide” a US presence while avoiding payroll taxes, according to the complaint. Dayn Advisors paid the taxes.

Functionally, the complaint states, Dayn was an employee of XTP and the head of XTP US, a subsidiary which was later renamed XTP Implementation Services.

It owned 100% of XTP US, the complaint says, on the understanding that the parent company would acquire a controlling stake once it landed its first client.

In 2018, a major public retirement plan was signed with XTP. The complaint does not identify the client, but public records indicate that the North Dakota State Investment Board hired XTP.

Dayn, known as Anna Belchikov since her marriage in 2019, told XTP executives in June of the same year that she was pregnant and would be taking maternity leave in November.

Prior to the start of maternity leave, an executive chairman and chief financial officer were placed in the U.S. office, according to the complaint, without her approval or consultation.

The company allegedly blocked her on a new employment contract but increased her base salary by 50%.

Upon her return from maternity leave in early 2020, she was told she had to report to the new executive chairman and was no longer at the helm of the North American company, allegedly because ‘she couldn’t keep pace with a new child to take care of. for.

His new boss is also said to have criticized him for his poor performance, “despite the fact that Dayn was responsible for 100%” of XTP’s sales in North America.

When she protested her demotion, her complaint was reportedly viewed as insubordination and “do not tow the line”.

On July 2, 2020, she was fired.

She says she did not receive the 15% commission – worth “hundreds of thousands, even millions of dollars” – that had been promised.

She accuses the company of pregnancy-related discrimination, sex discrimination, discrimination in caregiving status, retaliation, unjust enrichment and misappropriation of her job without promised compensation.

The complaint also names three senior executives as defendants: Wolfram Klinger, the founder; Philipp Henrich, Managing Director, and Nikolai Dordrechter, Chief Operating Officer.

Dayn is represented by Manhattan attorney Brian C. Dunning.


About Norma Wade

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