Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Pursglove quits Cazenove for Gartmore

Gartmore has poached Cazenove Capital Management’s sales director Richard Pursglove to head up its UK retail business.

Gartmore said the appointment followed a review process that identified the need to restructure Gartmore’s UK Retail business, which it described as a key strategic area.

The group said it has ambitious business growth plans, which will focus on the ‘rapidly’ changing funds industry.

Pursglove will take up the newly created role at the end of March. He will report to Gartmore head of global distribution Phil Wagstaff.

Wagstaff described the appointment as a key one in the groups bid to have a more focused and robust business platform, while achieving its goal of being the 'most trusted investment manager'.

He said: ‘We are delighted that Richard has agreed to head our UK retail team with the key responsibility to lead our ambitious growth plans in the UK retail market.

'We believe that his proven skills and experience will help us achieve our long term goals, strengthening Gartmore’s position with intermediaries, our distribution partners and their clients.'

Robin Minter-Kemp, managing director, Cazenove Capital said: 'Richard has been instrumental in building our UK retail business from infancy to the current breadth of product. His energy and commitment will bode well for this new opportunity. We wish him all the best.'

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Play Europe bulls, a retail boost and why a little inequality can be a good thing

Europe bulls, a retail boost and why a little inequality can be a good thing

This week’s Investment Pulse looks at whether investors should be bullish on Europe, the surprise rise in UK retail sales and if a little inequality is a good thing.

Your Business: Cover Star Club

Profile: meet the duo at the heart of Hargreave Hale's succession plan

Profile: meet the duo at the heart of Hargreave Hale's succession plan

For the first time in the company's history a non-Hargreave is now at the head of the north west broker and asset manager

Wealth Manager on Twitter