Wealth Manager - the site for professional investment managers

Register to get unlimited access to 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 Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Play Henderson's Hermon: how to be defensive in smaller caps

Henderson's Hermon: how to be defensive in smaller caps

Hermon, who manages the Henderson Smaller Companies trust, talks about he will tackle a 'challenging' 2016.

Your Business: Cover Star Club

Profile: 'what we are doing at Mosaic is Darwinian'

Profile: 'what we are doing at Mosaic is Darwinian'

The changes in financial services over the last few years may leave some destitute warns Marco Sambucci of Mosaic Money Management

Wealth Manager on Twitter