Guillaume Rambourg, former senior investment analyst at Gartmore Group, will not face any disciplinary action from the U.K. Financial Services Authority as a result of its investigation of his dealings as a fund manager at Gartmore, according to an e-mailed statement Mr. Rambourg issued today.
Gartmore declined to comment through a spokeswoman; FSA spokesman Chris Hamilton declined to comment, citing FSA policy not to comment on any investigation.
“I’m pleased that the FSA investigation resulted in no formal action and that I can now put the events of the past year behind me. I look forward to embarking on the next chapter of my career in fund management and I will be considering a number of potential plans in that regard,” Mr. Rambourg said in the statement.
Mr. Rambourg left Gartmore in July. He had been suspended by Gartmore in March 2010 for violating company policy prohibiting portfolio managers from directing trades to favored brokers but returned to work as an investment analyst a month later.
A spokesman for Mr. Rambourg could not provide additional information by press time. Mr. Rambourg could not be reached for comment.