Invesco Ltd. announced today that president and CEO Marty Flanagan will retire from his executive roles and step down from the firm's board, effective June 30. He will be succeeded by Andrew Schlossberg, senior managing director and head of the Americas.
"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," Invesco board chairman G. Richard Wagoner Jr. said in a statement.
Flanagan, who spent 18 years with Invesco, will continue as chairman emeritus through Dec. 31, 2024, providing advice and guidance to the company.
Schlossberg will succeed Flanagan as president and CEO and join the board effective June 30.
"Andrew has a long and established track record of delivering a superior investment experience to clients, helping employees grow in their careers, and leading innovation and profitable expansion across our global business," Wagoner said. "His leadership in the asset management industry and wide-ranging experience at Invesco position him well to bring next-generation leadership to the company and deliver for all our stakeholders."
Flanagan added, "I have every confidence that Andrew and the executive leadership team will build on our strong momentum to take the business forward."
Schlossberg has been in the asset management industry since 1996 and with Invesco since 2001, serving in multiple leadership roles across various firm businesses and locations. Prior to his current position, he was based in Invesco's U.K. office as senior managing director, head of EMEA and board chair for Invesco U.K. Limited.
