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Rating:Flanagan Makes Top Invesco Changes On Both Sides of the Pond Not Rated 3.0 Email Routing List Email & Route  Print Print
Wednesday, November 04, 2015

Flanagan Makes Top Invesco Changes On Both Sides of the Pond

News summary by MFWire's editors

Two top Invesco [profile] executives are shifting, and a third is retiring next year.

Peter Intraligi
Invesco Canada
President, Chief Operating Officer
It all starts with Mark Armour, CEO of Invesco Perpetual (Invesco's European brand) and head of Europe, the Middle East and Africa (EMEA) for the Atlanta-based, publicly-traded, mutual fund multinational. Invesco spokeswoman Jeaneen Pisarra confirms that Armour is stepping down from his current role, to be succeeded by Andrew Schlossberg. And with Schlossberg crossing the Atlantic from the U.S. to take Armour's role, Peter Intraligi in Canada is taking over Schlossberg's duties.

Mark Armour
Invesco Perpetual
Chief Executive Officer
Schlossberg, who first joined the company in 2001, has served as global head of Invesco PowerShares [profile] since 2009 and head of U.S. retail distribution since 2012. Pisarra confirms that Schlossberg has worked closely with Dan Draper, head of PowerShares, who will now report to Phil Taylor, senior managing director and head of the Americas for Invesco. Taylor will assume Schlossberg's role as global head of Invesco PowerShares.

"Andrew's been instrumental in working with Dan on the PowerShares ETF business," Pisarra tells MFWire. "Andrew oversaw the rebranding of the AIM Funds to Invesco in 2010. He was heavily involved in the integration of the PowerShares business and we acquired that in 2006."

Intraligi, a 17-year Invesco veteran, has overseen the mutual fund shop's Toronto-based Canada arm since 2008. Pisarra confirms that Intraligi will remain in Toronto and take over as head of North America retail distribution. He will continue to report to Taylor.

"Peter successfully led us through challenging times over the last several years in Canada. Based on the guidance he provided, the firm is determined to elevate his role," Pisarra says, pointing to regulatory challenges and growing competition in Canada. "He expanded the retail and institutional channel [in Canada] to include our risk-parity strategy and our real estate capabilities and the PowerShares ETFs."

Armour, who joined Invesco 13 years ago as CEO of its Australia business, took over Invesco Perpetual and EMEA in February 2013. He will remain on through the end of 2016 as chairman of EMEA to help with the transition.

"This is a deliberate evolution of our leadership to make sure we transition things smoothly," Pisarra says. 

Edited by: Neil Anderson, Managing Editor

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