Psychologists define Stockholm Syndrome as falling in love with your captor. They've got a fresh new case study in Ian Weir, who's taking his former employer Citigroup to court for… the right to go back and work at Citigroup.

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A fired Citi trader is suing to get his job back

In 2021, Ian Weir was fired from Citigroup. Now he’s suing to get his job back. The former pan-Asian equities trader has won an employment suit against the bank over claims he was a scapegoat for decade-long regulatory failures.

Citigroup was fined almost $45 million last year by Hong Kong’s securities regulator after it found employees sent false ‘indications of interest’ about stocks to drum up interest from clients and increase their value. Weir was fired following an internal investigation which found he failed to disclose Citi’s financial interests in certain trades.

But now a London employment tribunal judge has ruled that he was unfairly and wrongfully dismissed, and cleared him of any wrongdoing. Weir’s lawyers successfully argued he was part of a ‘cleaning of house’ operation, that there was minimal compliance training during his time working at the bank, and that he had raised concerns about the processes.

“The sanction issued by the [Hong Kong Securities and Futures Commission] is a drop in the ocean for Citi, yet Citi has imposed a sanction on me that has significantly ruined my career opportunities and cost me millions of dollars,” Weir said in a statement.

It’s an unusual move from an ex-employee, who would more commonly cut ties with a company that had fired them. Since leaving Citi, Weir appears to have moved to Australia to work as a senior dealer at Mason Stevens, according to his LinkedIn.

Weir’s lawyer told Fortune he “was determined to clear his name and can now hopefully move on with his head held high in a career he thoroughly enjoys.”

A spokesman for Citigroup said, “We note the court’s judgment and are considering our options, including an appeal.”

The case is the second high-profile dismissal trial for Citi in the last few months. In October, former analyst Szabolcs Fekete lost his claim when he expensed meals for his partner through the bank, before claiming he had eaten twice.

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