AMVESCAP PLC has announced that Mark Armour has been named senior managing director and head of its Worldwide Institutional business. He will be reporting to Martin L. Flanagan, the president and CEO of AMVESCAP.
He succeeds John Rogers, the senior managing director of AMVESCAP who has resigned from the company and itss board of directors.
“Mark brings tremendous experience to his new role from Australia, where he lead a major turnaround of our business in one of the world’s most competitive institutional markets,” says Flanagan. “With his demonstrated leadership ability, broad experience in the investment management industry and his proven investment expertise, Mark will strengthen our management team as we work to build value for our clients and shareholders.”
“I am very excited by the opportunity we have to further expand the distribution of our excellence investment capabilities for the benefit of our clients, our shareholders and our people,” adds Armour.
Most recently, Armour served as head of Sales & Service for AMVESCAP’s Worldwide Institutional business. He was appointed chief executive officer of INVESCO Australia in September 2002. Prior to this he had been chief investment officer for ANZ Investments and spent 20 years with the National Mutual/AXA Australia Group, where he was chief executive of Funds Management from 1998 to 2000.