FCA confirms it’s investigating Crispin Odey over whether or not he’s a ‘match and correct individual’ to work in finance
Probe: Hedge fund boss Crispin Odey has been accused of sexual misconduct by 13 ladies
The Monetary Conduct Authority (FCA) is investigating Crispin Odey over whether or not he’s a ‘match and correct individual’ to work in monetary companies and if he breached the watchdog’s guidelines.
It follows sexual misconduct claims concerning the hedge fund supervisor by 13 ladies, reported final month, which he denies.
The main points had been disclosed in a letter from the FCA’s chief govt Nikhil Rathi in response to questions from the Commons Treasury Committee.
The probe may end in a ban or advantageous for Odey, who has been ousted from Odey Asset Administration, the agency he based.
It too is below investigation by the FCA and will face a limiteless advantageous. Highlighting the broader drawback that the watchdog obtained three sexual misconduct allegations from ladies each quarter, Rathi stated it was ‘unacceptable ladies ought to nonetheless be made to really feel frightened for his or her security at work and afraid for his or her careers after they elevate considerations’.
He stated the FCA had been in touch with police, including that ‘any determination on whether or not or to not examine is a matter for them’.
Metropolitan Police confirmed contact final month, saying: ‘No prison allegations had been reported on the time or have been made since. Because of this, no police investigation is going down.’
The Mail was unable to succeed in Odey for remark. His former agency declined to remark.
- Former Met assistant commissioner accountable for frontline policing Nick Ephgrave will change Lisa Osofsky as head of the Severe Fraud Workplace in September.
