Robin Crispin William Odey

The FCA prohibited Robin Crispin William Odey from performing any function in relation to regulated activity and fined him £1,529,374 for acting without integrity. The sanction stems from his conduct around an internal disciplinary investigation at Odey Asset Management into allegations of sexual misconduct — including twice dismissing the firm’s executive committee (ExCo) while it was investigating, lacking candour, and threatening FCA staff — which the regulator says amounted to frustrating the process. The Upper Tribunal upheld the prohibition and reduced the FCA’s original proposed fine (about £1.835m) to £1,529,374.

On 14 September 2026 the Upper Tribunal upheld the FCA’s decision to ban Crispin Odey from the financial services industry, finding he lacked integrity for deliberately frustrating an internal disciplinary investigation into repeated inappropriate behaviour towards female employees. The Tribunal upheld all five FCA allegations, including that he bullied and threatened executive directors, twice dismissed his firm’s executive committee to halt the disciplinary process, and lacked candour with the firm, its clients, investors and the FCA. The FCA’s proposed fine of £1.835m was reduced by the Tribunal to £1.53m.

On 3 March 2025 the Financial Conduct Authority (FCA) issued a Decision Notice fining Crispin Odey, founder and majority owner of Odey Asset Management (OAM), £1,835,200 and banning him from working in UK financial services for a lack of integrity. Between December 2021 and November 2022 Mr Odey was facing an internal disciplinary process for breaching a final written warning about his behaviour towards female staff. The FCA found that he twice dismissed OAM's executive committee to stop that process, appointed himself its sole member, and in doing so caused OAM to breach the rules requiring an investment manager to be run by at least two people. Mr Odey referred the notice to the Upper Tribunal. On 14 September 2026 the Tribunal dismissed his challenge, upheld all five of the FCA's allegations and the ban, and reduced the fine to £1.53 million because an uplift the FCA had applied for aggravating factors should not have been included. The FCA is expected to issue a Final Notice reflecting the Tribunal's decision.