Financial trading group XTX Markets is taking legal action against investment managers Aviva and Legal & General for alleged discrimination over their refusal to allow it to put cash in some of their funds after last year’s invasion of Ukraine because the firm’s owner was a Russian citizen.
London-based XTX is majority-owned by Russia-born billionaire Alexander Gerko, who has lived and worked in the UK since 2006 and is not the subject of international sanctions, according to copies of the legal claims seen by the Financial Times.
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