Richard King joined INVESCO Institutional as head of fixed income and a senior member of the firms Louisville, Ky.-based stable value business, confirmed spokesman Doug Kidd. Mr. King will be a part of the portfolio construction team. He is re-joining INVESCO after two years as head of fixed-income business at Security Benefit. Gregg Rosenberg, spokesman for Security Benefit, could not be reached for information on Mr. Kings replacement.
During his previous stint at INVESCO, Mr. King was a senior portfolio manager and product manager for core and core-plus strategies, head of portfolio management and head of the structured team.
His hiring follows a reorganization of INVESCOs stable business unit.