Invesco co-head of Asia and emerging market equities Ian Hargreaves is to retire after 32 years at firm, with Charles Bond taking over the role alongside Wiliam Lam.
Hargreaves currently is listed as co-manager on five funds with around £14.3bn in assets under management. This includes the £6.5bn Invesco Developing Markets fund and the £2.7bn Invesco Asian portfolio.
On the former, James McDermottroe has been added alongside the three incumbents. On Invesco Asian, Charles Bond and Marc Ye have been added as named co-managers, joining Fiona Yang and James McDermottroe. A full list of changes can be seen in the table below.
Source: Invesco
Manager changes will take effect from the start of 2027, although Hargreaves will remain with the firm until the end of March. He will remain co-manager of the Asia Dragon investment trust until 31 March next year.
Sergey Davalchenko chief investment officer of global and international equities at Invesco said: "Ian is a highly respected investment leader whose expertise, insight, and disciplined approach have delivered significant value for our clients and our business.
“His leadership has not only contributed to exceptional investment outcomes over the years but in building a high-calibre team with deep experience and a clear sense of purpose. His commitment to developing talent and fostering a strong investment culture leaves the team exceptionally well positioned for the future.”
Hargreaves added: “After 32 years with Invesco, I feel that now is the right time for me to retire. It has been a privilege to work alongside such talented colleagues and to contribute to the growth of this business over the years.
“I leave with absolute confidence in the strength and depth of talent within the Asia and emerging market team, and in their commitment to delivering for clients for many years to come.”