PowerShares CEO moves to reduced role

Bond, who is CEO, chairman, and founder of Invesco PowerShares, will occupy a scaled back position as chairman, in which he will serve as an adviser to the ETF leadership team. He will also remain as chairman of the PowerShares fund board. Ben Fulton will step up to assume the role of managing director of the global business. He will direct the overall daily business of Invesco PowerShares and the teams based in Illinois, while working across the global platform. In his new role, Fulton will be responsible for those who previously reported to Bond. He will also join the Invesco global...