Invesco snares former AXA chief
Invesco Australia has appointed former AXA Australia and New Zealand chief investment officer Mick O'Brien into a newly created director retail sales and marketing role.
The position previously spanned both the retail and institutional sectors, however, the group decided to separate these two aspects of its sales and marketing operations after Peter Hodgson departed in May.
O'Brien joins Invesco on August 16 having left AXA in February after the investment firm disbanded its chief investment officer position, after choosing to have the investment management roles performed by its partners Alliance Capital Management and Bernstein Investment Research.
O'Brien spent 21 years at AXA, which was previously National Mutual, working in a wide range of roles, including dealership management and national product development and marketing manager.
More recently, O'Brien also worked as national manager, retail funds and superannuation in his time with his previous employer.
“I am looking forward to working with a company that is just a fund manager,” O’Brien says.
“It is good to be with a smaller company and the challenges are the same as I faced at AXA which is building a reputation in the retail market.”
In his new role, O'Brien will join former AXA colleague and now Invesco Australia chief executive officer, Mark Armour.
"I had the good fortune to work with Mick when at AXA, and I'm delighted that he has decided to join us," Armour says.
Amour says O’Brien’s high profile within the industry will boost the company’s profile in the Australian market.
Recommended for you
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.