Not just head of the Middle East operation, Tolchard was also responsible for the global co-ordination of Invesco’s business with sovereign wealth funds.
He had spent time living in Dubai when he opened Invesco’s first Middle East office in the Dubai International Financial Centre. He was also a founder member of the DIFC Wealth Management Advisory Council.
In his new role Tolchard will now report into IFI, which is based in Atlanta.
Tolchard’s former role as head of Invesco Middle East has now gone and Alex Millar, who had been head of institutional sales, Middle East and Africa for Invesco has been promoted to a new role as head of EMEA sovereign, Middle East and Africa institutional, responsible for leading Invesco’s institutional division across the regions.
Both promotions were effective from 4 January 2016.
Jane Bland, head of public relations at Invesco Perpetual, said the moves were part of an ongoing process of evaluating how best to deploy the firm’s staff to develop both the business and individual career opportunities.
“Our international development division has established Invesco as one of the leading global asset managers in the Middle East and the Channel Islands, and will continue to focus on cementing Invesco’s role as the leading global asset manager in the Middle East and Channel Islands.
Invesco provides a wide range of investment strategies and vehicles to retail, institutional and high net-worth clients around the world, with operations in more than 20 countries.
