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Guillaume Rambourg quits Gartmore

Guillaume Rambourg has resigned from Gartmore.

Rambourg, who is currently under investigation by the FSA, returned to Gartmore in June as a senior investment analyst on the European large-cap team.

He was previously co-manager of the group’s European Absolute Return fund alongside Roger Guy, but was suspended from management duties in March following an alleged breach of internal dealing rules.

Gartmore chief executive Jeff Meyer says: “Guillaume Rambourg has concluded that under the current circumstances he is unable to fully contribute to the performance of the business. He has, therefore, decided to resign to devote his attention to concluding the FSA investigation into his conduct and to allow Gartmore to put these matters behind it. We respect his decision and wish him well for the future.”

Gartmore says the European large-cap team will continue to be led by Guy and supported by Darrell O’Dea, Leopold Arminjon and Tomas Pinto.

Rambourg said yesterday that he has resigned in a bid to clear his name.

“I have taken the very difficult and personal decision to resign from Gartmore after more than 14 years so that I can devote all of my attention to cooperating with the FSA’s investigation and regain approved status.

“I have been faced with a challenging set of circumstances which has resulted in me not being able to optimally fulfil my duties in the best interests of shareholders and investors.

“I have, therefore, concluded that in the short term at least it is in nobody’s interests to continue in my current reduced capacity. It has been a great privilege to deliver performance for clients over the years. I wish all the best to Gartmore.”

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