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UK chief leaves Gartmore

Gartmore head of UK retail Michael Wrobel has left the firm as part of a top-level management restructure.

Wrobel, who had been at Gartmore for seven years, will be replaced by NatWest Private Banking managing director Paul Feeney. Before working at NatWest, Feeney was global marketing director for the Coutts Group.

Gartmore has appointed two more directors to join Feeney in leading its distribution business. Steen Steincke is the new head of global bancassurance business excluding the UK. Steincke joins from Alliance Capital, where he was global head of non-US retail sales. Previously, he was chief executive for Europe at Credit Suisse Asset Management.

Frances Davies becomes head of global institutional. She joins the firm from global investment manager GMO Woolley, where she was managing director. She has also worked as a board director for Deutsche Asset Management and SG Warburg.

Chief executive Glyn Jones says: “Gartmore has a very strong UK retail business. Given Paul Feeney&#39s outstanding marketing, sales and product development expertise, we will be in an even better position to provide an excellent standard of service to our customers and further grow this business aggressively.”

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