Invesco announced Wednesday that its president and CEO, Marty Flanagan, is retiring at the end of June and will be succeeded by Andrew Schlossberg, currently the fund company’s senior managing director and head of Americas.
Flanagan is also stepping down from Invesco’s board, but will remain chairman emeritus through the end of 2024.
Flanagan had been with Invesco for 18 years, and G. Richard Wagoner Jr., chair of the Invesco board, noted in a statement that over that period, the firm’s assets under management grew from $400 billion to $1.4 trillion.
Invesco said Schlossberg will assume the roles of president and CEO on June 30. Since joining the fund company in 2021, he has served in positions including head of EMEA and chair of the board of Invesco UK, head of US retail distribution and global ETFs, and U.S. chief marketing officer and head of global corporate development.
Invesco said that Doug Sharp, senior managing director and head of EMEA, will now serve as head of the Americas and EMEA, and will have global responsibility for ETFs, SMAs and digital capabilities.
As markets disintegrate, the value of on-the-ground, first-hand research through "intimate knowledge acquisition" is skyrocketing.
Deal brings 10 advisors and deeper family office reach to Austin market.
Mega-RIA to adopt AI workforce at enterprise scale as firm rethinks growth without hiring.
The five-advisor group leaves U.S. Bank for LPL's platform, part of a record June that saw 204 advisors join the firm.
As Goldman Sachs tightens rules on event contract trading, RIAs and hedge funds are weighing their own policies
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
