Amvescap has a new pair of vice chairmen: Michael Benson and Robert Graham. The two were appointed to the position in the wake of the retirement of Ted Bauer. Bauer's retirement and Graham's appointment as chairman of AIM Funds were reported in MutualFundWire in June.

Graham, who remains chief executive officer at AIM, has given up his position as chief executive officer of the Managed Products division. That division oversees both AIM and its sister firm, Invesco Funds Group. Invesco's chief executive officer, Mark Williamson, will take Graham's place as head of the division and retain his current duties. Despite the title changes, both will stay put, said Amvescap spokesperson Bill Hensel. Graham will remain in Houston and Williamson in Denver.

"These appointments meet the evolving business needs of our growing, dynamic organization," said Charles W. Brady, Amvescap executive chairman, in a statement. "With this announcement, and the recent appointment of John Rogers as CEO of the U.S. Institutional division, we continue to increase the breadth of experience in the senior management team as we strengthen our position as a leading player in each of the world's major investment markets."

 

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