Arun Sudhaman 09 Aug 2024 // 9:45AM GMT
HONG KONG — FGS Global has concluded an internal investigation into an open letter contending the firm's Greater China leadership is hampered by "colonially-tinted discriminatory practices," finding no evidence to support the claims.
“FGS Global formally investigated the allegations made in the anonymous email sent to all our Asia colleagues in May and found no evidence to support accusations of unacceptable workplace practices," said a spokesperson for the firm. "FGS is fully supportive of the leadership team in the region as we work to continue to grow and build the Greater China business."
The letter, purportedly sent by staff, was sent to the firm's leaders in May, calling out "a self-perpetuating enclave of privilege, presenting significant obstacles to effective collaboration and strategic alignment."
In response to the letter, which made a series of allegations about a "toxic work environment" that is out of touch with local culture, FGS Global sent APMEA chair James Murgatroyd to listen to staff concerns at its Greater China offices.
A source familiar with the situation told PRovoke Media that improvements would be made in terms of leadership transparency and connectivity in the region.
FGS Global's Asia business accounts for less than 10% of its $450m in global revenue, numbering 70 staff across three offices in Greater China, one in Singapore and one in Tokyo. The firm was acquired by KKR earlier this week, in a deal that valued FGS Global at $1.7 billion.