Amvescap has promoted Phil Taylor from head of the firm's Canadian money management division to head of all North American mutual fund operations, including AIM Investments, Bloomberg reports, citing a letter that Amvescap CEO Martin Flanagan sent to employees Monday.

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 PowerShares Capital Management.

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