Former BSI Asia chief exec sues bank over bonus

Singapore

HANS Peter Brunner, BSI SA's former Asia chief executive who is under scrutiny from Singapore prosecutors over the bank's ties with a Malaysian state firm, has sued the Swiss private bank after his bonus was frozen.

Mr Brunner's lawsuit alleges that BSI's Singapore unit breached bonus agreements and a separation pact with him, according to documents filed on July 4 in the Singapore High Court. There is no legal basis for BSI to suspend the payment for deferred bonuses due last month, Mr Brunner said in his complaint.