UK - Rob Hain is to replace Hugh Ward as chief executive officer of fund manager Invesco UK.
Hain is currently CEO of AIM Canada and has been a member of Amvescap’s executive board since February 2001. He has been president and chief executive officer of AIM Funds Management in Canada since joining the firm in 1998.
Hain’s appointment to Invesco, a unit of global investment manager Amvescap, follows the departure of Ward who is said to be leaving for “personal reasons”.
Commenting on Ward’s move, Michael Benson, chief executive of Invesco Global and vice-chairman of Amvescap, said: “[Ward] approached me some time ago to tell me about his wish to step down and return to Jersey once a successor had been identified.
“We are grateful for the enormous contribution he has made to our business in the UK since joining the firm in 1996 and he leaves with our best wishes.”
In addition, Phil Taylor, currently executive vice president and chief operating officer of retail mutual funds manager AIM Canada, is set to succeed Hain as president and chief executive officer. He joined AIM in 1999, before which he was president of Canadian retail broker Investors Group Securities.
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