Crispin Odey has been banned from working in the City after being accused of frustrating investigations into the sexual harassment and assault allegations against him that led to the closure of his investment company.
He was charged with indecent assault in 2020 but was cleared after trial at Westminster Magistrates’ Court. However, in 2023 the Financial Times reported a fresh series of allegations which Mr Odey denied.
Up until those allegations were made in 2023, the States of Guernsey used OWM as an investment portfolio manager.
Further allegations were made against Mr Odey in 2024.
Morgan Stanley and JPMorgan Chase cancelled their relationship with his firm, he was removed as partner from the organisation and several OWM funds were suspended before it was confirmed that Odey Asset Management, including Brook Asset Management and Odey Wealth, would be closing.
The firm said on its website that “fund managers and funds have moved to new asset managers”.
Now, it’s been reported that the UK’s financial watchdog has banned Mr Odey from working in the City. He is reported to have been fined £1.8 million for deliberately seeking to “frustrate” investigations into sexual harassment and assault allegations against him.
Mr Odey is also reported to be attempting to fast-track his case to court.