Guillaume Rambourg resigns from Gartmore

Guillaume Rambourg, the European equity manager under FSA investigation, has resigned from Gartmore.

Rambourg, who was demoted to senior investment analyst after an internal investigation into directing trades in March, continues to face an FSA probe into his conduct. The FSA has launched an investigation into Rambourg to determine whether he meets the regulator's standards of an approved person. Gartmore CEO Jeff Meyer says Rambourg has decided to resign to put all his efforts into bringing an end to the FSA investigation. "Guillaume Rambourg has concluded that under the current circumstances he is unable to fully contribute to the performance of the business," Meyer says. "He...