Invesco Ltd. announced today that Marty Flanagan, under whose strong leadership Invesco has grown to become one of the world's leading global investment management firms, has decided to retire as President and CEO on June 30, 2023.

"During his time at Invesco, Marty's relentless focus on understanding and meeting client needs while building a world-class investment organization has helped Invesco strengthen its global leadership position and grow its AUM from $400 billion to $1.4 trillion¹," said G. Richard Wagoner, Jr., Chair of the Invesco Ltd. Board. "Under Marty's strong leadership, Invesco has built a fully integrated firm with a comprehensive set of capabilities that enables us to meet a wide range of client needs and a well-scaled global platform that allows us to deliver a high level of service and value to clients across the globe. Throughout his time at Invesco, Marty has built an inclusive and forward-looking culture that values employees and stakeholders of the company, and has played a prominent role in business groups nationally and in Atlanta. The Board and I are extremely appreciative of Marty's many significant achievements during his 18 years at Invesco, which will have an enduring impact on the firm's long-term success."

Mr. Flanagan will also step down from the Invesco Ltd. Board on June 30, 2023. He will continue as Chairman Emeritus through Dec. 31, 2024, providing advice and guidance to the company.

The Invesco Ltd. Board of Directors is delighted to announce the appointment of Andrew Schlossberg, Senior Managing Director and Head of the Americas, to succeed Mr. Flanagan as President and CEO of Invesco Ltd. Mr. Schlossberg will become President and CEO of Invesco and a member of the Invesco Ltd. Board of Directors on June 30, 2023.

"Andrew has a long and established track record of delivering a superior investment experience to clients, helping employees grow in their careers, and leading innovation and profitable expansion across our global business," said Mr. Wagoner. "His leadership in the asset management industry and wide-ranging experience at Invesco position him well to bring next-generation leadership to the company and deliver for all our stakeholders."

"I've worked side-by-side with Andrew throughout my career at Invesco and have found him an exceptional leader who is highly focused on delivering the best possible experience for our clients," said Mr. Flanagan. "I have every confidence that Andrew and the Executive Leadership Team will build on our strong momentum to take the business forward."

"Invesco has an exceptional foundation to provide investment excellence for our clients, innovate in our delivery and enhance the growth of our business," added Mr. Schlossberg. "We have a comprehensive range of in-demand investment capabilities, a strong global footprint and outstanding talent throughout the firm. I look forward to working with the Invesco Ltd. Board, our team worldwide and Marty to ensure continued strong outcomes for our clients, employees and shareholders."