Pursglove: Rambourg suspension highlights our 'integrity'

Gartmore head of UK retail Richard Pursglove believes the decision to suspend Guillaume Rambourg last week demonstrates the group's commitment to maintaining the "highest levels of integrity".

Rambourg, who works alongside Roger Guy on a number of Gartmore funds, was suspended by the asset manager last week for allegedly breaking internal rules on directing trades to certain brokers, a practice which is allowed under FSA rules. While the decision led to a significant share price slide and removal of the group's European Absolute Return from adviser buy lists and ratings services, Pursglove says the integrity of internal controls are "very important" to Gartmore. "We take our responsibilities as fund managers extremely seriously. We have a set of internal controls and polici...