People Moves

Gartmore Names New Head Of High Yield

Wendy Spires Assistant Editor 8 May 2009

Gartmore Names New Head Of High Yield

UK-headquartered alternative asset manager Gartmore has appointed Kam Tugnait as head of high yield.

Mr Tugnait will join Gartmore later in the year, along with John Anderson, whose appointment as head of credit was announced in February.

On taking up his new role Mr Tugnait will be responsible for the management of Gartmore’s High Yield Corporate Bond fund and will report directly to Mr Anderson.

Mr Tugnait’s most recent role was that of head of high yield at Standard Bank, a position he has also held at United Bank of Kuwait.

“Gartmore will continue to build its position in the credit market. We believe that Kam’s high yield expertise is the ideal complement to John’s investment grade experience, making for a well balanced fixed income team,” said Dominic Rossi, Gartmore’s chief investment officer.

Gartmore has £17 billion ($25.8 billion) in assets under management, as at 31 March 2009. In addition to its London headquarters, Gartmore also has offices in Boston, Frankfurt, Madrid and Tokyo. The company is owned by Hellman & Friedman and Gartmore’s senior fund managers and executives.

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