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Gartmore managers Willing and Bergqwist roles made redundant

Gartmore has confirmed the roles of fund managers Ashley Willing and Karl Bergqwist have been made redundant.

The two will be in consultation with the company about potentially being deployed to other roles for two weeks.

Gartmore announced last week that up to 75 staff of its 447-strong workforce would be made redundant. Yesterday it confirmed its head of asset manager sales Simon Clark and head of strategic partners Julian Hince were likely to depart the firm.

Bergqwist co-managed Gartmore’s corporate bond fund and high yield corporate bond fund after joining the firm in August 2002 from Barclays Global Investors. Co-manager Simon Surtees will take the reigns.

Willing started at Gartmore in 1994 as an investment analyst but most recently co-managed the UK Focus fund. Willing’s co manager Simon King will take full control of the fund.

Gartmore head of media and public relations Kimberley Robinson says: “Redundancies have taken place across the whole of the business not just the investment division. It is likely Ashley Willing and Karl Bergqwist will leave Gartmore but the two will be in consultation with the company for the next two weeks. This was a carefully managed consultation process. Obviously this is not a nice thing to go through but there were no surprises.”

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