Further staff shake-up at Invesco

Just days after the announced redundancy of Invesco head of sales Tony McFadyen, Invesco Australia has confirmed the departure of one of its Australian Equities key players.

Australian Equities portfolio manager Greg Chapman has resigned from Invesco for personal reasons, and will be leaving the funds management industry entirely.

Invesco Balanced Funds portfolio manager Mark Calder will take over Chapman’s client duties and become the principal point of contact for Invesco’s Australian equity clients. Calder will also assist with developing Invesco’s large cap portfolio construction process.

As a result of the departure, an additional equity analyst will be joining the Australian Equity team, taking the number of Australian equity analysts to nine.

The news comes on the back of McFadyen’s redundancy after only six months as head of sales.

Invesco Australia chief executive Michael Parsons announced earlier this week that McFadyen would be replaced by the current chief executive of Invesco's Singapore office, Peter Hodgson, who will take on the newly created role of head of sales and marketing in Australia.

McFadyen’s departure marked the third major shake-up to hit Invesco’s sales and marketing division within the last year.

Invesco’s former head of retail sales, John Ntatsopoulos, and former head of marketing, John Mann, were forced out of the group late last year.