Gartmore's John Bennett has been given over nine million shares to ensure his loyalty to the firm on the back of veteran manager Roger Guy's decision to retire.
The share issue takes Bennett's stake in the firm from 0.68% to 3.18% and ties him to the group for the next three years. Following Guy's announcement last week, Gartmore said it will bring its European operations into one single team, headed up by Bennett. Gartmore disclosed on 8 November it would award 15% of the company's existing share capital to key investment managers and its executive team to ensure staff retention. The group's CEO Jeffrey Meyer and global head of distribution, Phil Wagstaff, have also been awarded three million and two million shares respectively. Meyer now...
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