Ex-Axa Framlington boss Robert Kyprianou has joined Gartmore as a non-executive director as Neptune and Martin Currie are rumoured to be eyeing a stake in the firm.
Kyprianou was chief executive officer of Axa Framlington until his retirement in September last year.
The Financial Times reports that Neptune and Martin Currie have expressed an interest in buying the 24.3 per cent holding in Gartmore owned by the firm’s largest shareholder Hellman & Friedman.
Kyprianou says: “I am looking forward to joining the board of Gartmore, one of the pre-eminent asset managers in the London market. The company has a
broad range of excellent products and managers and is well-positioned to benefit from the demand for retail and absolute return products.
Kyprianou’s previous appointments include global head of fixed income, and later deputy CEO and global head of securities at Axa investment managers, business head and global head of fixed income at ABN AMRO Asset Management between 1995 and 1999; and director and head of portfolio management at Salomon Brothers Asset Management Ltd between 1990 and 1994.