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Odey to wind down wealth business

Odey Wealth is to close its doors in Guernsey and the UK following sexual misconduct allegations against founder Crispin Odey

Odey Asset Management has moved into new Mayfair offices since claims against its founder emerged. Now its wealth arm is closing
Odey Asset Management has moved into new Mayfair offices since claims against its founder emerged. Now its wealth arm is closing Photo: Hollie Adams/Getty Images

Odey Asset Management is winding down its wealth business in the wake of a string of sexual misconduct allegations against founder Crispin Odey.

The wealth business is closing its doors in Guernsey and the UK, with assets to be returned to clients, people familiar with the matter told the Financial Times.

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