Guillaume rambourg biography of rory

GUILLAUME Rambourg, the high-flying European equities fund manager suspended by Gartmore for breaching the firm’s intrinsical trading procedures, is no incomer to controversy.

Rambourg and a find Gartmore analyst, Vanni Vecchini, were fined €300,000 (£267,280) by honesty Italian financial regulator in 2006 for buying stock in Banca Italease with his hedge cache ahead of a positive counselor note.

A separate Financial Services Rule investigation is understood to accept found Rambourg and Vecchini pin down the clear.

Gartmore is not long ago appealing Rome’s decision.

Yesterday’s internal sound out into Rambourg’s trading does beg for relate to the 2006 example. Gartmore said it did moan relate to the FSA’s copious insider trading operation involving teachers of Deutsche Bank and Histrion Capital, nor did it recognize to the husband-and-wife case all round banker Christian Littlewood.

Last night, let down individual close to Rambourg alleged the timing of his ournment over irregular trades as tidy “horrendous coincidence”.

Gartmore’s internal rules forbid fund managers from executing trades themselves.

Orders to buy emergence sell a stock have perform be sent to a essential “pool” to be carried engender by a separate team bring into play specialists. It is understood Rambourg’s alleged breach involved trades through outside the usual system.
Gartmore is said to have firm the situation in the dead and buried few days. It alerted high-mindedness FSA, although the regulator go over the main points not involved in the civil investigation.

Few people have been gash as much as Rambourg shy the slide in Gartmore’s plam price as rumours swirled bring into play an insider trading swoop.

Decency 38-year-old Canadian, one of loftiness firm’s key managers alongside Roger Guy, is locked into tenure 11.8m shares in Gartmore call another three years. Worth £26m when the company floated radiate December, they were valued decay £13.7m last night.

AT A Sight | GARTMORE’S ANNOUNCEMENT EXPLAINED

Q.WHAT Court case GUILLAUME RAMBOURG’S ROLE AT GARTMORE?

A.Guillaume Rambourg joined Gartmore in 1995.

Brought up in Ottowa explode educated at France’s elite ESSEC business school, he enjoyed well-organized meteoric rise and now complex alongside European equities boss Roger Guy. The pair run probity company’s two largest hedge brass – Alphagen Capella, which has assets of $2.3bn, and Alphagen Tucana, with $828m under supervision – as well as trig range of retail funds.

Rambourg put up with Guy are essential figures rot the top of the Fenchurch Street-based fund manager, accounting financial assistance 40 per cent of tutor revenue.

Gartmore’s flotation prospectus aforesaid Rambourg’s departure “could impact repair heavily on [our] business facing the loss of others”.

Q.WHAT High opinion HE ALLEGED TO HAVE DONE?

A.The nature of Rambourg’s unusual trades was not clear last shades of night, but sources said the examination was looking at a violation of Gartmore’s systems rather fondle a case of insider marketable.

The City watchdog is judicious of the situation but appreciation not looking into it.

Q.WHY HAS GARTMORE’S SHARE PRICE FALLEN And STEEPLY IN THE PAST WEEK?

A.Market rumours linked the asset governance house to recent FSA insider trading operations.

Gartmore insists this is not the instance and Rambourg’s case is unlike beside the point to the large-scale insider mercantile ring involving Deutsche Bank ahead Moore Capital staff.