Roger Bartley, CIO fixed income at Gartmore, will be head of fixed income at Legal & General Investment Managers. L&G had been looking for someone to fill the position since the death of John Monckton, the firm's previous head of fixed income, in late 2004, said L&G spokesman Steve Leach. Mr. Bartley will report to CEO Peter Chambers, who joined the firm in December and was CIO at Gartmore until 2003. Mr. Bartley is leaving Gartmore because its investment management operations were restructured, said Gartmore spokeswoman Kimberley Robinson. Gartmore officials intend to recruit more people for its fixed-income team, but they aren't likely to seek another CIO because CIOs in different asset classes are no longer necessary as the firm no longer has a global structure, said Ms. Robinson in an interview. Gartmore also announced other senior departures. Charles Beazley, head of global institutional distribution, will be leaving in the next few weeks by mutual agreement after the restructuring of the firm's distribution arm, and Paul Feeney was appointed head of distribution, Ms. Robinson said. Mr. Feeney was head of European retail bancassurance. In addition, Jon Thornton, head of U.K. equities, and Philip Ehrmann, head of Pacific and emerging markets, will leave the firm within the next six weeks. Their positions were eliminated after the firm merged its two emerging markets teams into a single unit and introduced a "flatter structure" across investment management, Ms. Robinson said.
Richard Owen was appointed head of institutional sales for U.K. and Ireland at State Street Global Advisors in London. It is a new position, said SSgA spokeswoman Sally Todd. Mr. Owen was director of business development at Citigroup Asset Management, which was restructured after it was bought by Legg Mason late last year.
Sal F. Albanese, was promoted to managing director of Mesirow Financial's institutional sales and marketing group, confirmed Katie Schimmel, spokeswoman. Mr. Albanese, who was senior vice president, will continue to develop the firm's East Coast institutional relationships.
Paul Elia was hired as an analyst for the small-cap value group of Chartwell Investment Partners, confirmed Timothy Riddle, managing partner and CEO. It is a new position, and Mr. Elia reports to Dave Dalrymble, managing partner. Chartwell has $6 billion in assets under management. Mr. Elia was an associate research analyst at Federated Investors. Sandy Captain, senior administrative assistant at Federated Investors, could not provide any other details about Mr. Elia's former position.