Gartmore's plan to reshuffle its European desk has forced Tim Callaghan to consider his future at the firm.
Manager of the European Growth and European Focus funds, Callaghan’s vehicles are currently under evaluation with the firm considering merging some of its range.
Europe desk head Stephen Jones will take interim control of Callaghan's funds until his future is decided.
The European Growth and Focus funds are both fourth-quartile over one and three years in the IMA Europe (ex UK) sector.
The news follows last week's announcement Gartmore’s multi-manager head Bambos Hambi and investment trust chief Jim Tennant were replaced as part of the company’s strategic review.
"This is not a freeze on recruitment, not a freeze on staff in any way," a Gartmore spokesperson says.
"Any reshuffle will only be done to get the best out of the Europe range, do the best for the company and more importantly provide the best we can for investors."
To comment on this story, contact:
0207 484 9793
Partner Insight Video: Advisers have had to adapt to the changing investment landscape.
Investment trust savings scheme