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HSBC recruits 'sons and daughters' of execs as interns

Andy Read | 27.05.2011 10:27 | Analysis | Workers' Movements

The Financial Times has helpfully revealed what we always suspected about the 'establishment' after its legal department implied it offered work experience only to the sons and daughters of its own executives.

Richard Bennett, group general counsel, sent a letter rejecting a young woman who had sought unpaid work in his department. He wrote that, while HSBC’s financial business had a graduate internship programme, the legal department “does not have anything similar”.

He added: “HSBC does not have a structured work experience programme although, occasionally, arrangements are made for sons and daughters of HSBC executives, particularly if they work in the legal or compliance departments, to gain such experience.”

Andy Read