Rambourg vows to clear name after Gartmore exit

Star European manager Guillaume Rambourg explains his exit from fund manager Gartmore and vows to regain approved status from the FSA.

Rambourg, who is currently under investigation from the FSA after passing an internal probe into directing trades, was working as a senior analyst before deciding to quit Gartmore.

I have taken the very difficult and personal decision to resign from Gartmore after more than 14 years so that I can devote all of my attention to cooperating with the FSA's investigation and regain approved status.

I have been faced with a challenging set of circumstances which has resulted in me not being able to optimally fulfil my duties in the best interests of shareholders and investors.

I have, therefore, concluded that in the short term at least it is in nobody's interests to continue in my current reduced capacity. It has been a great privilege to deliver performance for clients over the years. I wish all the best to Gartmore.

(Source: FT Alphaville)