People Moves Politics & Regulation

New blow for Gartmore as Rambourg quits firm


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