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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Gartmore head of multi-manager Bambos Hambi has been replaced by his deputy Tony Lanning in a restructure of the product range.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 As a result head of investment trusts Jim Tennant has been replaced by head of investor relations Melissa Jones.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.

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