Armour will take over responsibilities as head of the EMEA region, including the UK, continental Europe and the Middle East.

Armour succeeds James Robertson, who will step down at the end of the year, citing poor health.

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He has held significant roles within the fund management industry and since 2007 has been directing Invesco’s worldwide institutional business.

Armour had joined Invesco in 2002 as chief executive of Invesco Australia and in 2006 took on the role of head of global sales service for the institutional business before heading the division the following year.

Prior to that, he was the chief investment officer at ANZ Bank.

Commenting on the appointment, Invesco stated: "Over the long-term, he will work with the leadership team to take the business forward and ensure our continued growth and success by delivering for our clients."