Invesco rejigs EMEA executive team

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Invesco Ltd, the Atlanta-based and US-listed financial services giant which is one of the UK’s largest asset managers, has named Nick Tolchard to head up its Europe, Middle East and Africa (EMEA) fixed income operations.

Tolchard has been in charge of Invesco’s Middle East business for the last few years, and is well known in the Gulf’s asset management circles.

Alex Millar, pictured, will take over some of Tolchard’s previous role as Invesco’s new head of EMEA Sovereign, Middle East and Africa Institutional business. Millar is also an internal appointment, having previously been responsible for institutional sales for the Middle East and Africa.

A spokesperson for Invesco said the changes “reflect the continued focus across the business on promoting talent and deploying it to best meet client needs, and cementing Invesco’s role as the leading global asset manager in these regions”.

Neither Millar nor Tochard will be required to relocate as a result of their new roles. No replacement for Millar’s previous role has been announced.

Invesco has its origins in the spun-off asset management operations of an Atlanta bank, which expanded internationally over the past 35 years and listed initially on the London Stock Exchange, before moving to the US. Its advertising typically features a snow-covered mountain which is said to be a particular peak in the Eastern Himalayas that represents the company’s virtues of “strength, stability and longevity”, according to its website.