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Gartmore Group Appoints New President and CEO

The Gartmore Group, the global asset management arm of Nationwide, announced that D. Bruce Johnston has been named president and CEO of its U.S. asset management unit, Gartmore Global Investments.

Johnston, who will oversee the firm's operations and distribution, succeeds Paul Hondros, who has been appointed as president of the Gartmore Group family of advisers.

"Bruce is a high-caliber, dynamic senior executive who is well respected for his skill in establishing strategic business alliances, building strong management teams, and implementing successful retail and institutional product distribution programs," Hondros said. "He will be an excellent complement to our London-based international CEO, Glyn Jones, enabling me to focus on developing our global business opportunities.

Johnston served most recently as president of Conseco Equity Sales as well as senior vice president and chief marketing officer of Conseco Capital Management, which has approximately $30 billion in assets under management. At Conseco, he was responsible for institutional and retail product development, marketing and sales, information technology and client service activities.

Johnston previously served as senior vice president and national sales manager for Morgan Stanley/Van Kampen American Capital Funds, national sales manager for Morgan Stanley Asset Management and vice president of sales for John Hancock Financial Services.

Gartmore Global Investments, formed in 1999, has more than $25.8 billion in assets under management. The Gartmore Group as a whole manages approximately $77 billion.