US fund house Invesco’s Asia-Pacific head of institutional solutions, Lindsay Wright, has left the firm just a year after joining, AsianInvestor understands.
She was handed the newly expanded role when she started at Invesco in February last year, as reported. She had been installed as regional head of institutional, alternatives and investment solutions based in Hong Kong, with a remit to develop the business.
Wright reported to Invesco's regional head, Andrew Lo, and took up the role from Andrew Prout, who had been head of institutional sales and service for the region.
However, sources told AsianInvestor that she parted company with Invesco several weeks ago and was on gardening leave. Wright could not be reached for comment last night to determine her next move, although sources speculate that she is moving to a rival firm.
It is thought that she will not be replaced directly at Invesco, although a spokesperson for the firm decline to comment.
“Invesco has a strong bench in its institutional business and has seen strong inflows of assets,” said one senior industry source, who preferred to remain anonymous. “Its leadership team has been built over the past three or four years and is very steady. [Wright] leaving comes as a surprise. Perhaps she felt her skill-set would be better served elsewhere.”
Shortly before Wright joined Invesco last year, Invesco named industry veteran Terry Pan from JP Morgan Asset Management as its CEO for Greater China, as reported.
It is understood that Invesco’s Australia CEO, Martin Franc, will take on the additional title of Asia-Pacific head of institutional business.
Before joining Invesco, Wright served as co-CEO of Harvest Capital, a subsidiary of Harvest Fund Management, alongside Li Qiang, as well as CEO of Harvest Alternative Investments.
Overall Wright spent four-and-a-half years with Harvest. Prior to that she had worked for Deutsche Bank since May 2001, including as Asia-Pacific chief operating officer and head of business development and strategy for Asia and latterly globally.
She also worked at Bankers Trust in New Zealand for 12 years, starting in 1987. She holds two board positions, with the New Zealand Superannuation Fund and Kiwibank.