Gartmore star fund manager Tim Gregory is to leave the fund management industry later this year and emigrate to Australia.
Gregory, who is head of UK large-cap retail funds, will continue in an advisory role at Gartmore until the end of the year but will pass most of his management responsibilities to other members of the UK team.
Eric Moore will take charge of Gregory's UK growth fund while Brian Gallagher will assume responsibility for the UK growth & income fund.
Gregory will continue to manage the Gartmore SNT and Second Scottish investment trusts until the board has approved a change of manager.
Gartmore has also appointed Vivien Gould as head of UK retail products. She takes over from Michael Wrobel.
Gould has over 20 years experience in the industry and is a director of three investment trusts, including Gartmore's absolute growth investment trust.
Chief investment officer Peter Chambers says: “Gartmore is disappointed to be losing someone of Tim's experience and capability. However, we are confident that the calibre and experience of the members of the UK equities team will ensure we continue to build on the concrete platform which Tim has helped to structure in our business.”