An overhaul of Invesco's equity teams could help "re-energise the brand", after years of sustained outflows and poor performance from some of its flagship offerings.
'Big rebuilding job'
Lowcock thinks the change to the European equities team "has been well planned internally and they have prepared for it".
"They have strengthened the team and the appointment Rutland should reassure investors," he said.
Darius McDermott, managing director at FundCalibre, noted Invesco "has a big re-building job on its hands, but hopefully this will prove to be positive in the long run".
McDermott continued: "Henley is a 'value' centre and this style being out of favour for so long has hurt. This has been augmented by the departure of Neil Woodford [in 2013] and the redemptions on some of its key funds.
"That said, the company still has both many highly experienced managers who have been in the industry for decades as well as more youthful newcomers, all hungry to turn things around and outperform.
"The funds are already much smaller, which should make them easier to manage. They still have many good funds such as Invesco Asian and Invesco China Equity, for example.
"This is a cyclical business, styles come in and out of fashion and things can change quickly. I have no doubt that Invesco will bounce back in the future."
To Lowcock's eye, the changes have the potential to "re-energise the brand and bring new ideas and new talent into the fund management team, amongst others".
While the main aim of the restructuring is clearly to improve performance, Lowcock said an improvement in investment insight and thought leadership for clients would help.
He added: "This, combined with improving focus on process, will help investors better understand the Invesco proposition and what they are trying to achieve."