ATLANTA, May 11, 2016 /PRNewswire/ -- Invesco Perpetual today announced that Sebastian Mackay will join its Multi Asset team as a fund manager in September 2016.
Sebastian joins from Standard Life Investments (SLI) where he was an investment director/portfolio manager on its absolute return global bond strategy, and a member of the global absolute return strategy portfolio construction team. Sebastian started his career in 2000 at Scottish Widows Investment Partnership (SWIP) where he held a number of roles before joining SLI in 2011.
David Millar, Head of Multi Asset at Invesco Perpetual, said, "I am really looking forward to working with Sebastian again. His strong macro background from time as an economist on the Bond team with me at Scottish Widows Investment Partnership, combined with the extensive fund management expertise he gained both there and at Standard Life Investments, makes him the ideal candidate to take forward our offering into the multi-asset targeted income space."
Sebastian will join a ten-strong Multi Asset team led by David Millar, which includes fund managers, Dave Jubb and Richard Batty; product directors, Danielle Singer, Georgina Taylor, and Clive Emery plus risk manager, Gwilym Satchell. In 2013, Invesco launched the Invesco Perpetual Global Targeted Returns Strategy which has assets under management (AUM) of $13.1bn*.
Invesco is focused on building a market-leading franchise in multi asset investing to meet the needs of advisers and their clients.
Chris Lyes, Head of UK Retail Sales, Invesco Perpetual, said, "Income is important to many clients and, with Sebastian joining our multi-asset team, this allows us the opportunity to further develop our product offering by focusing on those clients seeking an income solution. Conversations with our clients tell us that there is strong need for an income type product and it would be a natural progression for Invesco Perpetual, given our proven record as providers of both income and multi-asset investing."
*As at March 31, 2016. Represents assets of all vehicles of the Global Targeted Returns Strategy.
Invesco Ltd. is a leading independent global investment management firm, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our retail, institutional and high net worth clients around the world. Operating in more than 20 countries, the firm is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.
Invesco Perpetual is a business name of Invesco Asset Management Ltd. Invesco Asset Management Ltd. and Invesco Advisers, Inc. are investment advisers that provide investment advisory services and do not sell securities.
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SOURCE Invesco Ltd.