MutualFundWire.com: Flanagan Anoints Invesco's Next Americas Chief

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Tuesday, November 27, 2018

Flanagan Anoints Invesco's Next Americas Chief

Marty Flanagan has found the next Americas chief for Atlanta-based Invesco [profile]. And Flanagan, president and CEO of Invesco, made two other key appointments, too.

Andrew Ryan Schlossberg
Invesco Ltd.
Senior Managing Director, Head of EMEA, Incoming Head of the Americas

On March 1, 2019, senior managing director Philip Taylor (age 64) will pass his role as head of the Americas to Andrew Schlossberg (44), currently senior managing director and head of EMEA (Europe, the Middle East and Africa), assistant secretary Robert Rigsby confirms yesterday in Invesco's latest SEC filing. After the handoff, Taylor will stay on as vice chair until leaving at the end of 2019.

The Atlanta Business Chronicle reported on the changes, which come as Invesco is poised to make its biggest acquisition yet.

Philip Alexander Taylor
Invesco Ltd.
Senior Managing Director, Incoming Vice Chair, Outgoing Head of the Americas

Flanagan also promoted managing director and chief security officer Mark Giuliano (57), a 28-year FBI veteran, to chief administrative officer, effective November 20, 2018. And Flanagan promoted EMEA retail chief Doug Sharp (43) to senior managing director and head of EMEA, effective March 1, 2019. Both Giuliano and Sharp report will directly to Flanagan.

London-based Schlossberg joined Invesco in 2001 and held senior U.S. and PowerShares marketing and sales roles for years (he oversaw the rebranding of the AIM funds) before focusing on EMEA. He previously worked for Citigroup and is an alumnus of the University of Delaware and of Northwestern's Kellogg School of Management.

Toronto-based Taylor joined Invesco Canada in 1999 and led operations before rising to CEO of Invesco Canada. He led Invesco's North American retail business before taking over as head of the Americas in 2012, and he also oversaw human resources and Invesco's ETF business worldwide. He is an alumnus of Carleton University and of York University's Schulich School of Business.

In advance of Taylor's planned departure at the end of next year, the filing confirms, Invesco will pay him $6.35 million this year (including $3.34 million in long-term equity), a $1.46-million cash bonus next year, and severance payments of $6.55 million, plus accelerated vesting of his stock and long-term equity compensation.

Printed from: MFWire.com/story.asp?s=58964

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