An Orbis Investments director has resigned from the board after an investigation into bullying, sexism and racism at the Open Banking Implementation Entity (OBIE), where he was chairman.
Imran Gulamhuseinwala joined the Orbis Investments board in November 2021 in a double appointment alongside Heather Hopkins.
But a Companies House filing published on Thursday shows he resigned from Orbis Investments on 20 October, three weeks after he was forced to step down from the OBIE following an investigation into the body’s workplace culture. He had been appointed to the OBIE in 2017 to ensure the UK’s nine largest banks delivered open banking.
The CMA report was published on 1 October. It argued a lack of proper management had “allowed a culture of bullying and intimidation to prevail”. It said sexist comments were tolerated, some bullying at the body may have been racially motivated and that the number of interviewees who described the working environment as toxic as “overwhelming”.
A press release announcing the publication of the report said Gulamhuseinwala had tendered his resignation in light of the CMA’s findings.
An Orbis spokesperson said in a statement: “Orbis Investments UK Limited confirms the resignation of Imran Gulamhuseinwala, who served as an independent non-executive director to the firm. We thank him for his contribution.”
