Deals

Peltz Dusts Off Familiar Playbook in Invesco Board Advance

Trian claims two seats on board of asset-management company
Activist investor acquired a 9.9% stake in Invesco last month

Nelson Peltz
Photographer: Patrick T. Fallon/Bloomberg

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By Annie Massa and Scott Deveau

November 5, 2020 at 11:33 PM UTC

Updated on

November 6, 2020 at 12:51 PM UTC

This article is for subscribers only.

Nelson Peltz wasted little time in choosing his next target in the asset-management industry, grabbing board seats at Invesco Ltd.

Just months after Franklin Resources Inc.’s takeover of Legg Mason, a deal he helped engineer, the billionaire activist investor joined Invesco’s board alongside fellow Trian Fund Management co-founder Ed Garden.