Gartmore seeks flatter business structure

head of european distribution for the group paul feeny talks to investment week about the company's future direction under hellman & friedman

All Gartmore employees could potentially own a stake in the firm with a phantom share scheme currently under consideration ahead of the completion of the deal and final approvals from regulators. Months of speculation about Gartmore's future came to an end last month when private equity firm Hellman & Friedman joined the firm's senior managers on the buyout panel. However, Paul Feeney, head of European distribution at the firm, said that, while only people classed as sophisticated investors will be allowed to buy direct positions in the company, it is likely that a phantom share scheme wi...