Invesco has announced the retirement of head of multi asset David Millar after 10 years in the role and over 30 years in industry. He started his career at Scottish Widows, later moving to Standard Life Investments.
His successor has been named as Georgina Taylor (pictured), who has been with the investment manager since June 2013. Taylor will assume her new role in January 2023, with Millar exiting the business at the end of March to ensure a “smooth transition”.
Taylor was previously head of equity strategy EMEA at State Street, having started her career at HSBC and working at Goldman Sachs and Legal & General Investment Management.
Millar said: “It has been a pleasure to have joined Invesco almost 10 years ago, set up a new team and capability, and then successfully launched a range of multi asset products. Most recently we launched the Summit Responsible range that helps clients access a low-cost diversified portfolio whilst meeting their ESG related goals.”
In a further move, Clive Emery will take on the newly-created role of head of multi asset strategies, with a particular focus on ESG. He joined Invesco EMEA seven years ago from Societe Generale to take up the role of portfolio strategist, multi asset before being promoted to fund manager in January 2021.
CIO Stephanie Butcher said: “David’s contribution has been hugely significant for Invesco. The team and products he built from the ground up serves clients all over the world. He developed a highly sophisticated macro research agenda and transformed the multi-asset team’s alternatives investment capabilities.
“The leadership he has demonstrated brings to bear his years of experience, most recently as we have started to develop thematic investment strategies that are relevant to our clients’ needs. It is with our wholehearted appreciation that we wish David well for the future.
“Nurturing and developing talent within our firm is very important to us and our clients. I am delighted that Georgina Taylor and Clive Emery are ready to take on these additional responsibilities.”