Butcher named Invesco CIO as Mustoe steps down

European equity income specialist

Stephanie Butcher is set to become CIO of Invesco, with current incumbent Nick Mustoe set to step down from the role after ten years.

Butcher, who currently manages European equity and equity income portfolios, including the Invesco European Equity fund, will work with Mustoe for a three-month transition period before taking on the role full time at the beginning of 2020. Invesco's Mustoe favours equities as 2018 volatility 'normal' She has been with Invesco for 17 years, having previously held roles at Lazard Asset Management and Aberdeen Asset Management. Mustoe said he was pleased Invesco "were able to identify a successor from within" the firm, adding Butcher "has a deep understanding of Invesco's investment ...