Threadneedle head of equities Dominic Rossi is to leave the firm and join Gartmore as CIO.
Rossi will be responsible for overseeing the investment division at Gartmore when he joins later this year.
The group has been without a CIO since 2005 when Quintin Price left the role to go to Merrill Lynch.
Filling Rossi’s position at Threadneedle in the interim will be CIO Sarah Arkle.
Arkle says: “We’ve a strong leadership team in place with experienced regional heads who will continue to lead active debate and idea sharing across the investment team.
“In time, we shall be reviewing the role of head of equities given the changing nature of the industry, which will ensure we effectively service the needs of our clients as we continue to grow and diversify.”
As head of equities, Rossi had management responsibility for all Threadneedle equity products and for thematic research.
He has been at Threadneedle for 11 years where he managed the Riversource Global Equity fund since 2003, after managing the Latin America Growth fund. Prior to Threadneedle, Rossi was a portfolio manager at NPI.
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