NU Online News Service, May 23, 4:35 p.m. – The Gartmore Group, an asset manager owned by Nationwide Mutual Insurance Company, Columbus, Ohio, is adding a new layer of management.
Gartmore has named D. Bruce Johnston president and chief executive of Gartmore Global Investments Inc., its U.S. asset management unit.
Johnston previously was president of Conseco Equity Sales Inc. and the chief marketing officer of Conseco Capital Management Inc., two units of Conseco Inc., Carmel, Ind.
Up till now, Paul Hondros has been the president of both the Gartmore Group and Gartmore Global. Hondros will continue to be the president of the Gartmore Group, but he will turn the Gartmore Global presidency over to Johnston.
Johnston will report to Hondros and focus mainly on sales and marketing. Young Chin, Gartmore Global’s chief investment officer, will continue to report to Hondros, rather than reporting to Johnston, Gartmore says.