UK - London-based Gartmore has hired Jon Thornton as its new head of UK equities, joining the firm at the end of the month.
Thornton replaces Andy Carter who left the Gartmore last year in favour of Royal London Asset Management where he is currently chief investment officer.
Prior to joining Gartmore, Thornton was chief of Aberdeen Asset Management’s UK equities, with responsibility for approximately £6.7bn of funds under management.
Thornton reports to Peter Chambers, Gartmore's chief investment officer, and assumes responsibility for Gartmore's 19-strong UK equities team, which oversees £7.8bn in assets.
Overall, he brings with him around 20 years of industry experience covering both institutional and retail markets. His career started at Laurentian Group in 1982, before joining Prolific in 1988, and then becoming head of UK equities in 1993. Following the 1997 merger of Prolific and Aberdeen, Thornton took over responsibility for all UK equity investment within the combined group.
The firm said that its key aim is to gain a significantly higher market share of the UK equity market.
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