UK - Active manager Gartmore has appointed Frances Davies to head up its global institutional business in a bid to boost growth.
Prior to joining the company, Davies was managing director of GMO Woolley. She has also served as a board director at Deutsche Asset Management, where her roles included head of pooled funds, head of retail and group head of marketing.
Davies’ mandate will involve implementing Gartmore’s institutional business strategy in the UK and all other international markets.
Gartmore has made several new appointments since it hived off its passive equity arm to State Street last year, including that of Jim Tennant as senior accountant for institutional business. Gartmore currently holds £34.6bn assets under management.
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