Gartmore is to appoint Matt Pumo to the role of business development director, responsible for its UK institutional business.

Gartmore is to appoint Matt Pumo to the role of business development director, responsible for its UK institutional business.

Pumo will report to Gartmore's head of global institutional, Angus Woolhouse, and is to join in the summer.

Pumo joins after an eight year career at Liontrust Asset Management, where he was latterly senior relationship manager for four years, responsible for institutional clients and investment consultant relationships. Prior to this he was head of institutional client services.

Previous employment includes roles at Bankers Trust in New York and London.

At Gartmore, Pumo will work closely with Woolhouse promoting the firm's traditional long only and alternative products to UK corporate pension schemes, insurance companies and local authorities.

Woolhouse says: 'We have recently seen an emergence of early confidence in equity markets amongst our clients which has resulted in Gartmore winning a number of high profile mandates. Matt's appointment will enable us to capitalise on our successes whilst we continue to provide the highest level of service to our existing clients.'