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 Kames' Ennett: Trump good for US high yield, but beware Europe

Kames' Ennett: Trump good for US high yield, but beware Europe

Kames Capital’s head of high yield David Ennett believes the changing political landscape will be a positive for the US, but negative for Europe in 2017.

Play Philip Milburn: why inflation won't run out of control

Philip Milburn: why inflation won't run out of control

Kames bond fund manager views inflation as more of 'scare' than a 'problem' and is positioning his portfolios accordingly.

Play Henderson's Lofthouse on merger boost and political risk

Henderson's Lofthouse on merger boost and political risk

Ben Lofthouse talks through where he is finding income and what surprises await the global economy in the new year.

Read More
Your Business: Cover Star Club

Profile: 'a lot of the hard work is done' says Charles Stanley

Profile: 'a lot of the hard work is done' says Charles Stanley

We’ve turned a corner, and there is positive momentum behind Charles Stanley says Charles Stanley's private client head

Wealth Manager on Twitter