Gartmore denies ousting compliance head

Gartmore has denied it forced out its head of compliance Gerry Harvey, who left the firm two months after joining.

Speaking in a conference call for investors today following the return of Guillaume Rambourg from suspension, Jeffrey Meyer, the chief executive officer, insisted Harvey left of his own accord. "We did have a new compliance person who joined us here for two months before deciding to resign," Meyer says. "People do not really give reasons why they are resigning, they just hand you a letter, but we did not push him out by any means." Harvey handed in his notice three weeks ago, the group says. Harvey will be replaced on an interim basis by David Young with support from legal firm Mac...