AMVESCAP PLC has named Martin L. Flanagan president and chief executive officer (CEO), and a member of the Board of Directors. As president and CEO, Flanagan, 45, will succeed current Executive Chairman Charles W. Brady. Mr. Brady will continue as chairman of the Board of Directors of AMVESCAP.
Most recently Flanagan was president and co-CEO of Franklin Resources, Inc., a global investment organization operating as Franklin Templeton Investments, since January 2004. He began his investment management career at Templeton in 1983.
“With his deep industry knowledge, global experience and demonstrated leadership skills, Marty Flanagan is the ideal CEO to lead AMVESCAP,” said Mr. Brady. “He has built a distinguished record of success leading all major aspects of a global asset manager and earning the trust and respect of clients and colleagues. With Marty’s strategic vision and AMVESCAP’s core strengths, our company is well-positioned to capitalize on the attractive opportunities the investment management industry continues to offer.”
Robert Graham, AMVESCAP vice chairman, added, “Having served with Marty on the Investment Company Institute’s Board of Governors and other industry committees, I know firsthand that Marty is a proven industry leader who possesses an absolute commitment to acting at all times in the best interests of fund shareholders. His dedication to clients and experience as an investment manager make him an ideal fit for AMVESCAP’s unique culture.”
“I feel very fortunate to be joining one of the leaders in the global investment management industry,” stated Mr. Flanagan. “With its singular focus on providing the best in investment solutions for individuals and institutions, few companies can match AMVESCAP’s global scale, comprehensive array of products and rich heritage of outstanding client service. As the newest addition to AMVESCAP’s dynamic team, I am extremely excited about what we can accomplish together for our clients and shareholders.”