In a big new blow for London-listed fund management group
Gartmore, Guillaume Rambourg - the star manager, together with
Roger Guy, of the firm's key European equity business - has
decided to leave the firm as a result of the ongoing probe into
his trading and trade-directing activities.
His departure follows a tempestuous few months at the
London-based investment group - whose shares have halved since
the firm floated on the London Stock Exchange at the end of
last year, largely as a result of regulatory and trading
investigations concerning Rambourg.
The firm first sent shockwaves through the City and through
its own investor base when it announced at the March that it
had suspended Rambourg while an internal investigation was
being conducted into internal breaches of procedures regarding
A month later, at the end of April, Gartmore announced that