O’Brien to lead Invesco
Invesco has appointed Mick O’Brien as the new chief executive for its Australian operation.
O’Brien originally joined Invesco as head of retail in August 2004 after a two-year stint as chief investment officer with AXA Australia and New Zealand.
Commenting on his appointment O’Brien said: “Our strategy of being a leading manager of domestic asset classes and leveraging the investment capabilities of the global group remains consistent.”
The move comes as a result of incumbent chief executive, Mark Amour, being promoted to a new role as head of sales and service for Invesco’s global institutional business. The new position will see him based in Atlanta.
“After all the company has achieved over the past four years, I am delighted to be able to leave the business in a strong position and in very capable hands to take up an exciting career opportunity,” Amour said.
Recommended for you
AZ NGA has entered into a strategic partnership with national advice firm MiQ Private Wealth, as a way to provide a succession solution, as well as career development opportunities for staff.
While the advice profession struggles under growing operating costs, Adviser Ratings has found more than half of practices – some 58 per cent – that generate less than $250,000 in revenue report no profit at all.
The Federal Court has ordered the freezing of assets and the appointment of receivers to two entities linked to Australian Fiduciaries, ASIC’s latest move in an ongoing investigation into the company’s managed investment schemes.
Off the back of the August adviser exam results, the profession has seen 17 new entrants hit the Financial Adviser Register (FAR) this week, helping numbers return to positive territory.
