On October 2, 2020, Trian Fund Management, L.P. announced that it has met and engaged in a constructive discussion with Martin Flanagan, a director and president and chief executive officer of Invesco Ltd, and Allison Dukes, senior managing director and chief financial officer of the Company. Trian Fund stated that during the meeting with Flanagan and Dukes, it requested that the board be expanded to include Trian partners Nelson Peltz and Ed Garden and also discussed board refreshment. Trian Fund stated that it intends to further discuss with the board and or management of the Company, and may encourage the Company to explore, certain strategic combinations with one or more companies in the asset management industry.