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.