View more on these topics

Hambi replaced in Gartmore multi-manager restructure

Gartmore head of multi-manager Bambos Hambi has been replaced by his deputy Tony Lanning in a restructure of the product range.

The investment house has initiated a review of its multi manager funds to ensure they fully meet clients’ needs after recent poor performance. Hambi is considering other opportunities within the firm.

Gartmore is also shaking up its investment trust business with plans to focus on investor relations. As a result head of investment trusts Jim Tennant has been replaced by head of investor relations Melissa Jones. Tennant is also considering other opportunities within the company.

Global head of distribution Phil Wagstaff says: “2007 was an excellent year for Gartmore and we are committed to delivering the highest levels of service and performance to all our clients.

“A key part of this is ensuring our multi manager product range and our investment trust business meet the current needs of our client base. These changes will enable us to maintain our focus on and commitment to these important product areas.”

Lanning joined Gartmore in November 2007 from private bank Arbuthnot Latham & Co where he was head of collectives research.

Recommended

New firm could take 7IM stake

Speculation is mounting that another firm is to take a stake in Seven Investment Management in a move that could see Zurich dilute its current 49 per cent holding.

Faffing Fortis to launch in May

Fortis is believed to have pushed back its highly anticipated entry into the UK protection market until May, possibly disappointing those waiting with bated breath for the new entrant.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment