Peltz and Garden have been appointed immediately. Peltz is chief executive and a founding partner of Trian Partners, and Garden is Trian's chief investment officer and a founding partner. Trian is a beneficial owner of about 9.9 per cent of Invesco's outstanding common stock.

Finke, chairman and CEO of Barings, will be appointed to the board on December 1, 2020.  He is scheduled to retire from Barings on November 30.  Barings is a wholly owned subsidiary of Massachusetts Mutual Life Insurance Company.

Peltz is also non-executive chairman of The Wendy's Company, and serves on the boards of The Procter & Gamble Company, Sysco Corporation and The Madison Square Garden Company. Previously, he served as a director of Legg Mason, H J Heinz Company, Mondel?z International, Inc., Ingersoll-Rand plc and MSG Networks Inc.

Garden serves as a director of the General Electric Company and previously served as a director of Legg Mason, The Bank of New York Mellon, The Wendy's Company, Family Dollar Stores, Inc. and Pentair plc.

Before Barings, Finke was the CEO of Babson and served as EVP and CIO for MassMutual from 2008 to 2011. Earlier in his career, he worked at First Union, Bear Stearns, Mellon Bank and Westpac.

Separately, Barings said it had named Mike Freno as chairman and CEO, effective immediately, taking over from Finke. Freno had been president, a role he assumed in February. He is a member of Barings' senior leadership team, Barings board of directors and chairman of Barings BDC.