Taylor will assume the new position on April 17. He replaces Mark Williamson, who will leave the company by the end of the year and serve as a consultant until then. One of William's responsibilities will be to complete Amvescap's acquisition of
Taylor is tasked with turning around Amvescap at a time when it has been bleeding assets; since January 2005, withdrawals from Amvescap's funds have been second only to those from
But given Taylor's track record of increasing assets managed by Amvescap Canada 30% since becoming its chief executive in 2002, he might be up to the task.
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