McNaught/ Gartmore part ways

Lewis McNaught has left Gartmore after 16 years with the group, following a restructuring of its institutional and retail business. His position as head of retail was deemed to no longer be needed as part of the restructuring process and has nothing to do with the recent buy out of Gartmore by US group, Nationwide Mutual Insurance. It is believed McNaught will still be eligible for a £20m retention package set up by Nationwide upon its purchase of Gartmore earlier this year. It is expected McNaught could receive a small percentage of the £20m as part of the package agreed to prior to his ...