Sex­ist bankers branded top City fi­nancier ‘ a tart and a dolly bird’



BAR­CLAYS bosses re­ferred to fi­nancier Amanda Stave­ley as a ‘dolly bird’ and a ‘tart’ as the bank ne­go­ti­ated a cru­cial deal dur­ing the 2008 cri­sis, the High Court has heard.

The tele­phone con­ver­sa­tion be­tween Roger Jenkins and Richard Boath, both then Bar­clays ex­ec­u­tives, was re­vealed as Ms Stave­ley launched a le­gal bat­tle to sue the bank for £1.6bil­lion.

Tran­scripts of the Oc­to­ber 2008 call re­vealed Mr Boath said: ‘Yes. Now, that dolly bird that rep­re­sents – is it – what’s her name?’

Mr Jenkins replied: ‘Amanda Stave­ley.’ Later in the call, Mr Jenkins said: ‘Well I am – you know, I’m go­ing to call the tart; I was go­ing to call the tart.’

Mr Boath asked: ‘Who’s the tart?’ to which Mr Jenkins replied: ‘Amanda.’

Ms Stave­ley, 47, who in re­cent months has been in­volved in bro­ker­ing a deal which could see a Saudi con­sor­tium take con­trol of New­cas­tle United, says her firm – PCP Cap­i­tal Part­ners – in­tro­duced Manch­ester City owner Sheikh Man­sour to Bar­clays dur­ing the fi­nan

‘That dolly bird that rep­re­sents – is it – what’s her name?’ ‘Amanda Stave­ley’

cial cri­sis and he ‘sub­scribed’ to in­vest £3.25bil­lion as part of an £11bil­lion emer­gency fundrais­ing.

She claims Bar­clays se­cretly of­fered bet­ter terms to Qatari in­vestors, which meant PCP missed out on higher ad­vi­sory fees than the £30m it re­ceived. She says PCP is owed money for the work it did.

Bar­clays dis­putes PCP’s claim and says it is made ‘of sand’.

Roger Jenkins, a for­mer boyfriend of su­per­model Elle Macpher­son, said, as far as he knew, Ms Stave­ley had ‘no qual­i­fi­ca­tions in fi­nance’.

‘Ms Stave­ley, as leader of PCP, had re­ceived some pub­lic­ity by 2008 for her role in bro­ker­ing the Abu Dhabi in­vest­ment in a ma­jor English foot­ball club (Manch­ester City), but she was a com­plete un­known in terms of large, com­plex, pub­lic mar­ket trans­ac­tions of the kind we were un­der­tak­ing,’ Mr

Jenkins, then Bar­clays ex­ec­u­tive chair of Mid­dle East busi­ness, told Mr Jus­tice Waks­man in a state­ment.

‘So far as I knew at the time PCP did not em­ploy ex­pe­ri­enced an­a­lysts fa­mil­iar with the fi­nance sec­tor and Ms Stave­ley her­self had no qual­i­fi­ca­tions in fi­nance.’

He added: ‘I was aware that she had once owned a restau­rant by a race­course and that was how she had made con­nec­tions with Mid­dle

East­ern in­di­vid­u­als.’

Mr Jenkins said he had as­sumed Bar­clays would deal di­rectly with Sheikh Man­sour and did not ex­pect PCP ‘to be act­ing as a prin­ci­pal, or as a prospec­tive in­vestor in its own right’. He said his im­pres­sion was that Ms Stave­ley was seek­ing to use the deal to ‘gen­er­ate pub­lic­ity for her­self’ – an idea he said was strength­ened by her turn­ing up for one early- morn­ing meet­ing with a pho­tog­ra­pher. The trial con­tin­ues.


High-flier: Amanda Stave­ley, who was be­lit­tled in a phone call be­tween Roger Jenkins, below left, and Richard Boath


Pri­vate eq­uity: Amanda Stave­ley, who runs PCP Cap­i­tal Part­ners, is su­ing Bar­clays


Deal maker: Roger Jenkins is an ex-boyfriend of su­per­model Elle Macpher­son


Taunt: Richard Boath was quoted in court

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