, the chief investment officer of Invesco Global
, the international division of Amvescap
-- the second-biggest publicly traded asset manager by assets -- has left the company to join AMP Ltd.
, Australia's biggest life insurer and fund manager.
AMP has hired Yates to run its new global asset management operations which will unify its investment operations in the U.K., Australia and New Zealand.
Invesco Global announced two appointments following Yate's resignation.
, deputy chief executive of Invesco Global, will replace Yates as head of investment and Sarah Bates
has been appointed managing director of Invesco Global's UK Institutional Division. Bates will also continue to be responsible for Invesco's Specialist Funds business.
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