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ARTICLE · 24 MARCH 2026

Employment Update March 2026

Travers Smith LLP
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Crispin Odey, founder of hedge fund Odey Asset Management, is in the news again as he seeks to overturn penalties imposed by the Financial Conduct Authority (FCA).

United KingdomEmployment and HR
Tim Gilbert
Tim Gilbert
Siân Keall
Siân Keall
Ed Mills
Ed Mills
Adam Wyman
Adam Wyman
Ailie Murray
Ailie Murray
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1. In the News

Misconduct investigations

Crispin Odey, founder of hedge fund Odey Asset Management, is in the news again as he seeks to overturn penalties imposed by the Financial Conduct Authority (FCA). In 2025, Mr Odey was fined £1.8m and banned from the financial services industry after he twice tried to frustrate his firm's disciplinary processes into allegations of sexual misconduct against him.

While perhaps an extreme example, the case offers important lessons for employers across all sectors, not just financial services. The collapse of Odey Asset Management highlights the scrutiny employers now face from investors, regulators, the media and staff in relation to allegations of serious misconduct. This is underscored by the duty to prevent sexual harassment which applies to all employers and is set to be strengthened from October 2026, as well as the new rules on non-financial misconduct which will apply to financial services firms from 1 September 2026.

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