Invesco Perpetual has appointed head of the institutional business Mark Armour as its new chief executive
Due to health reasons, the current chief executive James Robertson has decided to retire at the end of 2013.
Armour, who has led Invesco’s global institutional business since 2007, will take over responsibilities as head of the EMEA region, which includes the UK, continental Europe and the Middle East.
Armour joined Invesco in September 2002, when he was appointed chief executive officer of Invesco Australia. In September 2006, he took on a new role as head of global sales and service for Invesco’s institutional business, and in January 2007 became head of Invesco Institutional. Prior to joining Invesco, Armour served as chief investment officer for ANZ Bank.
Invesco says: “Mark will work with James to ensure a smooth, orderly transition of responsibilities. Over the long term, he will work with the leadership team to take the business forward and ensure our continued growth and success by delivering for our clients. Mark has long-standing and good relationships with the senior management team here, and they are looking forward to working together to build on the business’ success and strong market position.