Thursday, 28 July 2016
Last updated 18 min ago
Dec 17 2010 | 12:43am ET
Gervais Williams, whose departure from Gartmore Group in September coincided with the beginning of an avalanche of bad news for the firm, has joined MAM Funds.
Williams has been named a managing director at the much smaller firm, formerly Midas Capital and Mitron Asset Management. The hire is part of MAM's plan to raise £20 million in new capital.
Williams had been one of Gartmore's longest-serving fund managers and led its Irish-listed and small-cap funds. His exit led one of those funds, the £51 million Growth Opportunity Fund, to fire Gartmore.
Since Williams' exit, Gartmore has been thrown into turmoil by a series of high-level departures, most importantly that of star hedge fund manager Roger Guy. Gartmore is now actively seeking a buyer or merger partner.