Invesco names new CEO as Marty Flanagan retires

Marty Flanagan is retiring as President and CEO of Invesco Ltd. (NYSE: IVZ), the company announced Wednesday. Flanagan has held his current position with the firm since 2005. He is the 16th-highest paid executive of a Georgia public company, according to Atlanta Business Chronicle research. He has a total compensation of more than $12 million. Following his retirement, Flanagan will continue as chairman emeritus of the company through Dec. 31, 2024 to provide advice and guidance to the company. "During his time at Invesco, Marty’s relentless focus on understanding and meeting client needs while building a world-class investment organization has helped Invesco strengthen its global leadership position and grow its AUM from $400 billion to $1.4 trillion," said G. Richard Wagoner, Jr. , chair of the Invesco Ltd. board in a release. Andrew Schlossberg , senior managing director and head of the Americas, will succeed Flanagan as president and CEO of Invesco. All of the announced moves are effective June 30. Schlossberg has been with Invesco since 2001, serving in multiple leadership roles including senior managing director, head of EMEA (Europe, the Middle East and Africa), head of U.S. retail distribution and global ETFs, U.S. chief marketing officer and […]

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