Yerbury to step down as Invesco Perpetual CEO

Yerbury, who keeps all his fund management responsibilities and his role as chief investment officer, will hand the reins to senior managing director James Robertson. In a letter to financial advisers, Invesco Perpetual says Yerbury will not be retiring from the company for several years and maintains that, despite today’s announcement, it is very much “business as usual” for the team. “Succession planning in anticipation of change is something that we focus on very carefully and this is part of a thoughtful long term strategy in light of Bob's eventual retirement over the next few years,...