Implementing a "global" business structure means Gartmore UK chief executive Glyn Jones will leave the company by the end of this year, ahead of group chief executive Paul Hondros taking over relevant management responsibility.
The change comes after the company and Jones “have not been able to agree on [an alternative position] that matches his leadership skills and experience,” following the realignment of business along global lines. This change includes moves towards a global asset management business with distribution in the US, Europe including UK, and Japan. Paul Hondros has been group head since Gartmore was acquired by US insurer Nationwide Mutual Insurance in May 2000. A spokeswoman says the personnel change will not result in any strategic changes to the Gartmore business. Hondros is expecte...
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