People Moves

NewSmith snaps up Gartmore vet Phipps to head marketing


Martin Phipps

Martin Phipps, who played a key role in developing Gartmore’s hedge fund business into one of the biggest players in Europe ahead of its virtual demise last year, is joining NewSmith Asset Management as a partner and head of marketing.

Phipps left Gartmore late last year as part of a reorganisation forced by the departures of star managers Roger Guy and the Guillaume Rambourg following a series of management upheavals at the firm – which culminated in the cratering of its hedge fund business and the firm’s emergency sale to Henderson.

As head