Marty Flanagan will retire as president and chief executive of the investment giant on 30 June 2023.
He will continue as chairman emeritus until 31 Dec 2024, providing advice and guidance to the company.
The Invesco board of directors named Andrew Schlossberg, senior managing director and head of the Americas, to succeed Flanagan.
Schlossberg has been in the asset management industry since 1996 and with Invesco since 2001. He has served in multiple leadership roles across the company’s businesses and locations. Prior to his current position, he was based in Invesco’s UK office as senior managing director, head of Emea and chair of the board of Invesco UK.
Before the UK, he served as head of US retail distribution and global ETFs and, prior to that, was US chief marketing officer and head of global corporate development.
Doug Sharp, senior managing director and head of Emea, will assume an expanded leadership role as head of the Americas and Emea, and global responsibility for ETFs, SMAs and digital capabilities.
Sharp has served in his current role since 2019. He joined Invesco in 2008 from McKinsey & Co and has served in multiple leadership roles across the firm.
Invesco also announced that Stephanie Butcher, chief investment officer of Emea, and Tony Wong, global head of fixed income investments, have been named senior managing directors and co-heads of investments.
In addition, Greg McGreevey, senior managing director of investments, has decided to retire from the firm. He will serve as an advisor to Butcher, Wong and the firm on investment topics through 31 March 2023.
The firm has hired Zach Buchwald as its next chief executive.
He is the former head of Blackrock’s North America institutional business.
Buchwald takes up the mantle from Michelle Seitz, who left the position towards the end of last year. Buchwald will be tasked with overseeing the firm’s growth plans.
Hampden & Co
The private bank has named Peter Craigie as chief risk officer and Gordon Syme as general counsel.
Craigie was at Lloyds Banking Group, where he was chief risk officer for islands banking.
Syme has joined from Aegon Asset Management, where he was head of legal and regulatory (UK).
Legal and General Investment Management (LGIM)
The investment firm has hired James Giblin as a fund manager in its asset allocation team.
Giblin, who joins after a three-and-a-half year spell at LGT Wealth Management, will be responsible for managing a range of retail multi-asset funds, as well as several client portfolios in its model portfolio service (MPS).
LGT Wealth Management
The UK wealth manager has appointed Lewis Gregory to its MPS team as portfolio manager.
Gregory was previously an investment manager at Mercer Private Wealth where he was responsible for managing multi-asset portfolios and goal-orientated portfolios for wealthy UK-based clients.
Rothschild & Co
The financial services giant has hired Guillermo Moreno Fontaneda as a senior client adviser to bolster its wealth management offering in Spain.
He joins from UBS, where he was a director and client adviser, private banking Iberia.
Cohen & Steers
The global investment manager has appointed Sean Cooney to the newly created role of head of UK wealth.
Cooney joined Cohen & Steers in May 2021 as senior director of Emea wholesale distribution from Gam, where he was client director for the UK wholesale distribution channel.
Tracey Williamson has joined the firm as regional manager of financial planning, according to her Linkedin profile.
She will be based in Scotland. Williamson was previously financial planning director at Forth Capital.
The UK law firm has appointed Suzanna Harvey as head of its private wealth sector.
Harvey specialises in tax, trusts, immigration and estate planning for international clients (both UK resident and non-resident) and provides tax advice to a wide range of clients, from ultra-high net worth individuals to private banks and other financial institutions.
She has been at the firm for 17 years.
Melbourne Capital Group
The expat advice firm has named Elmira Donald as private wealth manager and financial planner.
She is based in Kuala Lumpur, Malaysia.
Donald joins from Infinity Financial Solutions, where she was financial planner and client relationship consultant.