Tuesday, 28 April 2015
Last updated 13 hours ago
Apr 29 2010 | 12:17pm ET
On the same day that its most prominent compliance case came to a close comes news that Gartmore Group has lost its head of compliance.
Gerry Harvey left the firm three weeks ago, CFO Keith Starling revealed on the conference call announcing the reinstatement of Guillaume Rambourg. Rambourg, one of Gartmore’s top hedge fund managers, had been suspended last month for allegedly directing trades to favored brokers.
Harvey’s exit has nothing to do with the Rambourg situation, Starling said.
“We did have a new compliance person who joined us here for two months before deciding to resign,” CEO Jeffrey Meyer added. “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.”
Gartmore’s internal rules were blasted by Rambourg’s co-manager, and Gartmore’s top hedge fund manager, Roger Guy, after Rambourg’s suspension.
David Young has taken over Harvey’s responsibilities on an interim basis.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…