Andrew Schlossberg, currently head of US retail distribution and global ETFs at Invesco Ltd, will assume the leadership of the business from 4 January 2016, the firm said.
Schlossberg joined Invesco in 2001 and has held various leadership roles within the firm’s institutional and retirement groups and has headed up business strategy and global corporate development, Invesco said. Most recently he lead the development of the firm’s US retail distribution business.
Head of the firm’s broader EMEA business, Armour joined the firm in 2002 as head of Invesco Australia was appointed CEO of Invesco Perpetual in 2013. He will assume the role of chairman of EMEA until his retirement to ensure a smooth transition.
Invesco Perpetual has seen significant outflows in the past 18 months, driven in large part by the departure of Neil Woodford from the helm of the Invesco Income Fund in October 2013, but the performance of his successor, Mark Barnett has been solid. The Invesco Perpetual Income fund is second quartile over one year, up 12.8%, compared to 8.9% for the sector.
