Invesco Real Estate has appointed Anna Duchnowska to replace Etienne Dupuy as head of its $14.6bn (€15.8bn) European asset management business.

The investment manager said Duchnowska, who joined Invesco in 2014, has taken over from Dupuy who is leaving the firm at the end of September to pursue personal projects within impact investing.

Duchnowska joined Invesco to open the firm’s office in Warsaw and to oversee the asset management of all investments in Poland. Prior to joining Invesco, she worked at Colliers International as asset management director in charge of landlord representation and before that, she was asset management head at Polonia Property Funds.

“Duchnowska has played an integral role in identifying initiatives to deliver performance both within the Polish market and increasingly key strategic assets across Europe,” Invesco said.

She has also championed some of the firm’s key pan-European asset management initiatives, including environmental, social and governance.

Andy Rofe, managing director, head of Europe at Invesco Real Estate said: “We take a thoughtful approach to succession planning.

“Our team-based approach and focus on managing talent over the long term helps us provide meaningful opportunities within our business and enables us to transition effectively to the next generation of leadership.”

Duchnowska said: “I am excited to step into this important role within the firm and work more closely with the 28 asset managers across eight countries to drive forward our asset strategies as well as other initiatives important to the firm’s strategic footprint across Europe.”

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