Odey Wealth Management has filed for voluntary liquidation after appointing Evelyn Partners as its liquidator last month, according to a Companies House filing.

Evelyn Partners’ Adam Stephens and Kevin Ley were appointed as joint liquidators of the firm for the purposes of voluntary winding-up.

Odey Wealth Management and its parent company Odey Asset Management have been closed for around a year, with its funds being shifted to other asset managers, following claims against its founder, Crispin Odey, in a Financial Times investigation.

The Financial Conduct Authority (FCA) has since told Odey that it intends to take action against him over his “deliberately designed” actions to “frustrate” Odey Asset Management’s ongoing disciplinary investigation, after he used his majority shareholding to remove the existing members of the firm’s executive committee and appoint himself the sole member.

The regulator accused Odey of showing “reckless disregard” for Odey Asset Management’s governance and caused the firm to breach certain regulatory requirements.

Its warning notice is not the final decision of the FCA, and Odey has the right to challenge the decision.

“Mr Odey’s behaviour towards both Odey Asset Management and the FCA lacked candour,” the warning notice stated.

“He used improper means to protect his own interests and achieve his objectives; the reasons he gave for his dismissal of executive committee, and his conduct in his dealings with the FCA also support the finding that he lacks integrity.”

Odey was not immediately available for comment.

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