Invesco CEO Marty Flanagan to retire in June

Marty Flanagan, president and CEO of global investment management firm Invesco, has decided to retire from his post after 18 years. Flanagan will step down from his leadership role and the Invesco board on June 30. He will continue as chairman emeritus through Dec. 31, 2024, providing advice and guidance to the company.

Under Flanagan’s leadership, Invesco has grown its assets under management from $400 billion to $1.4 trillion.

Invesco’s board of directors has promoted Andrew Schlossberg, senior managing director and head of the Americas, to succeed Flanagan as president and CEO. Schlossberg will step into the role and will become a member of the firm’s board of directors on June 30. Schlossberg has been in the asset management industry since 1996 and with Invesco since 2001. He has served in multiple leadership roles across the company's businesses and locations.

“I've worked side-by-side with Andrew throughout my career at Invesco and have found him a