AUSTRALIA - INVESCO's parent company AMVESCAP has appointed Mark Armour as senior managing director and head of its worldwide institutional business.
He succeeds John Rogers, who has resigned from the company and its board of directors.
In his new role, Armour, previously head of sales and service for AMVESCAP’s worldwide institutional business, will report to Martin Flanagan, president and CEO.
“Mark brings tremendous experience to his new role from Australia, where he led a major turnaround of our business in one of the world’s most competitive institutional markets,” commented Flanagan.
Armour was appointed chief executive of INVESCO Australia in 2002. Prior to joining the firm, he served as chief investment officer for ANZ Investments and spent almost 20 years with the National Mutual/AXA Australia Group, where he was chief executive, funds management from 1998 to 2000.
AMVESCAP has more than A$500bn in funds under management.
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.