Invesco beefs up sales efforts

Invesco Asset Management Australia is to beef up its distribution and marketing teams with the addition of a number of key staff in coming weeks.

Invesco Asset Management Australia is to beef up its distribution and marketing teams with the addition of a number of key staff in coming weeks.

The decision to strengthen the servicing of the Australian market follows the deci-sion to relocate the group’s investment management activities to Hong Kong. As a part of the relocation, Invesco’s chief executive officer Nigel Hale and the four person investment team headed up by Tom Cottam, will depart Invesco.

The reason for the move, according to Invesco, is to integrate local investment functions into a greater Asian regional focus. Responsibility for the management of its $80 million in Australian investments will be handled by the 14 strong regional investment team in Hong Kong.

Invesco’s head of funds marketing, John Ntatsopoulos, says the group is about to sign on a number of distribution and marketing people to cater for burgeoning de-mand for Invesco’s international funds offerings.

“We have had very strong inflows over the last few months, predominantly on the back of very good performance figures,” he says.

“The success is also based on the combination of our sales and distribution teams keeping advisers up to date on the movements within the funds.”

Invesco have begun the search for a replacement for Nigel Hale but do not expect to name the new chief executive before the middle of the year.

“But for all intensive purposes it is business as usual for our Australian clients,” Ntatsopoulos says.