People Moves Politics & Regulation

Shock spreads as Gartmore suspends Rambourg


The shockwaves reverberating through the City of London in the wake of last week's arrests of seven people in a major FSA/SOCA insider dealing probe spread in a new direction this week as Gartmore announced the suspension of one of its star European equity fund managers, Guillaume Rambourg.

In a move that publicly-quoted Gartmore says is unconnected with last week's arrests - which included well-known individuals at Moore Capital, Exane BNP Paribas and Deutsche Bank - the group said the suspension of Rambourg had been initiated "following consultations with the FSA".

"Gartmore has suspended Guillaume Rambourg pending the outcome of