Rambourg returns to Gartmore as its compliance chief departs

Suspended Gartmore manager Guillaume Rambourg returned to work as an analyst last week as the group denied it had forced out head of compliance Gerry Harvey.

Harvey had only been at Gartmore for two months before leaving the firm. In a conference call for investors, chief executive officer Jeffrey Meyer insisted Harvey had left of his own accord. “We did have a new compliance person who joined us here for two months before deciding to resign,” Meyer says. “People do not really give reasons why they are resigning, they just hand you a letter, but we did not push him out by any means.” Meyer also says the investigation following Rambourg’s suspension last month found directed trading was not widespread within the company. While he was found ...