Amvescap plc today announced that Rob Hain, currently CEO of AIM Canada, will be named chief executive officer of Invesco UK.

Phil Taylor, currently executive vice president and chief operating officer of AIM Canada, will succeed Hain as president and chief executive officer.

Hain replaces Hugh Ward who will be leaving for personal reasons. The 48 year-old Hain has been a member of Amvescap’s executive board since February 2001 and has been president and chief executive officer of AIM Funds Management Inc. in Canada since 1998.

Taylor, also 48, joined AIM in 1999. Prior to joining AIM he was president of Canadian retail broker Investors Group Securities Inc. and previously managing partner of Meridian Securities, a service brokerage for firms of financial advisors. Both appointments are subject to regulatory approval.

“I’m delighted that Rob Hain will become CEO of our UK business,” said Michael Benson, chief executive of Invesco Global and vice chairman of Amvescap.

Commenting on the appointment of Phil Taylor, Mark Williamson, chief executive officer of managed products for Amvescap said “Phil’s deep experience in the mutual fund industry and his strong business skills combine to make him the ideal candidate to assume the leadership of AIM Canada. I’m confident he will continue to strengthen AIM’s leading position in the Canadian retail mutual fund market.”