Jon Thornton is to head Gartmore's UK equities team following his sacking at Aberdeen Asset Man...
Jon Thornton is to head Gartmore's UK equities team following his sacking at Aberdeen Asset Management earlier this month.
Thornton, who was head of UK equities at Aberdeen, will begin the new appointment at the end of this month. He replaces Andrew Carter who left as head of Gartmore's UK equities team in August to become chief investment officer at Royal London Asset Management.
Gartmore claims discussions with Thornton were actually initiated before he left Aberdeen.
Aberdeen sacked Thornton along with Doug Thomson as part of a restructuring initiative to create a pan European investment team. The senior UK managers lost out to Adrian Fowler who was picked ahead of them to lead the pan European initiative.
Aberdeen's UK Blue Chip Fund, which Thornton part managed, lost 29% in 2000 and 2001 compared to only a 23% fall in the FTSE 350.
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