Item 5.02 Election of Directors; Appointment of Certain Officers.
On May 18, 2020, the Board of Managers (the "Board") of Invesco Specialized
Products, LLC, the sponsor (the "Sponsor") of Invesco CurrencyShares® Australian
Dollar Trust, appointed Ms. Anna Paglia to serve as the Principal Executive
Officer of the Sponsor, effective after the close of business on June 12, 2020
(the "Effective Date"). Ms. Paglia has also been elected to serve as a member of
the Board, effective after the close of business on the Effective Date, and will
replace Mr. Daniel Draper, who, as previously disclosed, gave notice of his
resignation as Principal Executive Officer and member of the Board of the
Sponsor. Mr. Draper's resignation will also be effective after the close of
business on the Effective Date.
The business biography of Ms. Paglia is as follows:
Anna Paglia (46) currently serves as Head of Legal, US ETFs at Invesco, Ltd., a
global investment management company and affiliate of the Sponsor ("Invesco"),
and has served in such capacity since September 2010. In that role, she is
responsible for the registration and listing of exchange-traded funds ("ETFs"),
as well as providing support to the Invesco US ETF Board, serving as a global
ETF expert/resource and providing day-to-day support to Invesco and its
affiliates. In addition, she is a team leader for, and provides legal support
to, Invesco's unit investment trusts. Prior to joining Invesco, Ms. Paglia was a
partner in the investment management group at K&L Gates LLP and in that role she
served as fund counsel and counsel to the independent directors for a number of
mutual funds and ETFs. Ms. Paglia earned a JD from L.U.I.S.S. Law School in
Rome, a law school certificate from Kingston University School of Law in London
and a master's degree from Northwestern University School of Law in Chicago. She
is admitted to practice law in Illinois and New York.
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