Invesco Perpetual has appointed Mark Armour as chief executive officer, as James Robertson will step down due to poor health at the end of this year.
Armour, who leads the firm’s global institutional business, will take over responsibilities as head of the EMEA region, including the UK, continental Europe and the Middle East.
He has held significant leadership roles within the fund management industry and since 2007 has been directing Invesco’s worldwide institutional business.
Armour joined the firm in 2002 as chief executive of Invesco Australia and in 2006 took on a new role as head of global sales service for the institutional buiness before heading the division the following year. Prior to that he was chief investment officer at ANZ Bank.
Invesco said: ‘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.
‘We anticipate this transition will have no impact on clients. It is business as usual for the team, which remains focused on our mission of providing clients with strong, long-term investment performance.’