Invesco CEO to Retire

Invesco Ltd. announced today that president and CEO Marty Flanagan will retire from his executive roles and step down from the firm’s board, effective June 30. He will be succeeded by Andrew Schlossberg, senior managing director and head of the Americas.

“During his time at Invesco, Marty’s relentless focus on understanding and meeting client needs while building a world-class investment organization has helped Invesco strengthen its global leadership position and grow its AUM from $400 billion to $1.4 trillion,” Invesco board chairman G. Richard Wagoner Jr. said in a statement.

Flanagan, who spent 18 years with Invesco, will continue as chairman emeritus through Dec. 31, 2024, providing advice and guidance to the company.

Schlossberg will succeed Flanagan as president and CEO and join the board effective June 30.

“Andrew has a long and established track record of delivering a superior investment experience to clients, helping employees grow in their careers, and leading innovation and profitable expansion across our global business,” Wagoner said. “His leadership in the asset management industry and wide-ranging experience at Invesco position him well to bring next-generation leadership to the company and deliver for all our stakeholders.”

Flanagan added, “I have every confidence that Andrew and the executive leadership team will build on our strong momentum to take the business forward.”

Schlossberg has been in the asset management industry since 1996 and with Invesco since 2001, serving in multiple leadership roles across various firm businesses and locations. Prior to his current position, he was based in Invesco’s U.K. office as senior managing director, head of EMEA  and board chair for Invesco U.K. Limited.

Other Leadership Changes

Doug Sharp, senior managing director and EMEA (Europe, the Middle East and Africa) head, will assume an expanded leadership role as head of the Americas and EMEA, and global responsibility for ETFs, SMAs and digital capabilities.

Sharp will work with Andrew Lo, senior managing director and Asia Pacific head, to oversee a more globalized client-facing organization, employing both a regional and cross-regional approach, Flanagan said.

Sharp has served in his current roles since 2019 and joined Invesco in 2008 from McKinsey & Co.

The firm also announced that Stephanie Butcher, chief investment officer, EMEA, and Tony Wong, global head, fixed income investments, have been named senior managing directors and co-heads of investments.

Butcher has served as CIO for Invesco’s EMEA business since January 2020, overseeing the Henley Investment Center, encompassing equities, fixed income and multi-asset capabilities. She joined Invesco in 2003 from Aberdeen Asset Management.

Wong has served in his current role since March 2019, responsible for the investment process and performance, strategic direction and enterprise oversight of Invesco Fixed Income’s global organization. He joined Invesco in 1996 and has served in various investment roles within the fixed-income organization.

Greg McGreevey, senior managing director, investments, has decided to retire from the firm. McGreevey will serve as an advisor to Butcher, Wong and Invesco on investment topics through March 31, to help ensure a smooth transition of responsibilities.