Odey Asset Management plans to close down its wealth businesses after Crispin Odey, its eponymous founder, stepped down amid a series of allegations against his behaviour.
The Financial Conduct Authority said it is “aware” of the plan to wind down the wealth management unit and is working to ensure clients are treated fairly. The Financial Times reported that the business is shutting in the UK and Guernsey, citing people familiar with the matter.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: