Bryon Lake, Invesco PowerShares’ EMEA boss has left the company and will be replaced by chief operating officer Matthieu Grosclaude on an interim basis.
Lake (pictured) had been head of the firm’s Europe, the Middle East and Africa business since 2013 and is ending an 11-year career at PowerShares.
Grosclaude stated that the company has ‘advanced plans’ to launch several smart beta equity and fixed income funds this year as it looks to deepen its presence in several markets.
He added that the firm will be announcing more senior appointments in due course.
In 2016 the company added to its range by launching several smart beta exchange traded funds (ETFs), including the S&P 500 High Dividend Low Volatility Ucits ETF.
Grosclaude said: ‘Invesco PowerShares has deepened its presence in EMEA over 2016 supported by a management team and capabilities to be proud of. We are well positioned to continue on our growth trajectory.’
Commenting on Lake’s departure, he added: ‘Bryon Lake has decided that the time is now right for him personally to pursue his career elsewhere and I would like to thank him for his contribution to Invesco and wish him the very best for his future.’