Crispin Odey: City boss quits firm after sexual misconduct claims

A City financier is leaving the institution helium founded aft intersexual harassment allegations.

Crispin Odey's departure from Odey Asset Management follows a Financial Times study that 13 women accused him of intersexual harassment oregon battle implicit 25 years.

Mr Odey strenuously denies the claims and told the insubstantial they were "rubbish".

In a connection the hedge money said it took "all allegations of misconduct highly seriously".

For much than 3 decades Mr Odey had been astatine the helm of the hedge money helium founded successful 1991 - astatine its highest the steadfast managed much than £10bn worthy of investments.

Mr Odey, a salient Brexit backer, claimed to person made hundreds of millions of pounds arsenic sterling plummeted successful the aftermath of the referendum vote.

On Thursday, the Financial Times reported that the allegations dated backmost to 1998 and the latest alleged incidental was successful December 2021.

Mr Odey said this week that "none of the allegations person been stood up successful a courtroom oregon an investigation".

A connection from Odey Asset Management enforcement connected Saturday confirmed that Mr Odey would beryllium leaving.

"As from today, helium volition nary longer person immoderate economical oregon idiosyncratic engagement successful the partnership," it said.

"Odey Asset Management Group Ltd volition besides cease to beryllium a subordinate and the concern volition present beryllium owned and controlled by the remaining partners and managed arsenic an autarkic ineligible entity."

The enforcement committee said the firm's policies and procedures "have been followed astatine each times".

"The steadfast has been investigating allegations concerning Mr Odey, but the steadfast cannot remark successful item arsenic it is bound by ineligible obligations of confidentiality."

Odey Asset Management said it had been "fully transparent" with the regulator Financial Conduct Authority (FCA) and would interaction clients implicit the weekend.