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Change of chief at Invesco Perpetual

Invesco Perpetual UK chief executive officer Hugh Ward has quit after less than a year in charge of the combined fund management group.

Ward, who is leaving for personal reasons, will be replaced by Rob Hain, chief executive officer of the Canadian arm of North American fund giant AIM.

AIM, which is owned by Invesco Perpetual&#39s parent Amvescap, has had Hain at the helm of its Canadian arm since 1998.

Ward joined Invesco Fund Managers in 1996 as its head of retail, becoming chief executive in 1999. He became CEO of the newly merged Invesco Perpetual group in April last year.

Hain will be replaced by the executive vice-president and chief operating officer of AIM&#39s Canadian operations, Phil Taylor.

Invesco Global chief executive Michael Benson says:”I am delighted that Rob Hain will become CEO of our UK business. Rob joined Amvescap in 1998 and has an outstand-ing track record in the financial services industry.

“Hugh approached me some time ago to tell me about his wish to step down and return to Jersey once a successor had been identified. We are grateful for the enormous contribution he has made to our business in the UK since joining the firm in 1996, and he leaves with our best wishes.”

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