Invesco

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Invesco Ltd.
Type Public
Traded as NYSEIVZ
S&P 500 Component
Industry Financial services
Founded 1935
Headquarters Atlanta, Georgia, U.S.
Key people Rex D. Adams, Chairman
Martin L. Flanagan, President & CEO
Phil Taylor, Sr Director
Mark Armour,Sr Director
Wilbur Ross, CEO WL Ross
Products Investment management: real estate, distressed investing, bank loans, quantitative equity, fundamental equity, Fixed income, hedge funds, Fund of funds and environmental investing
Revenue
  • Increase US$ 4,644.6 million (2013) [1]
  • Increase US$ 4,050.4 million (2012) [1]
Operating income
  • Increase US$ 1,120.2 million (2013) [1]
  • Decrease US$ 842.6 million (2012) [1]
Net income
  • Increase US$ 940.3 million (2013) [1]
  • Decrease US$ 677.1 million (2012) [1]
Total assets
  • Increase US$ 19,270.5 million (2013) [2]
  • Decrease US$ 17,492.4 million (2012) [1]
Total equity
  • Decrease US$ 8,977.3 million (2013) [3]
  • Decrease US$ 9,049.0 million (2012) [3]
Employees 6,189 (2011)[4]
Website www.invesco.com

Invesco Ltd. is an independent investment management company that is incorporated in Bermuda, headquartered in Atlanta, Georgia, United States, and has branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York stock exchange.[5][5] Invesco operates under the Invesco, Trimark, Invesco Perpetual, WL Ross and Powershares brand names.

History[edit]

INVESCO (all caps) was created in Atlanta in 1978 when Citizens & Southern National Bank divested its money management operations.[6] In 1988, the company was purchased by the British company Britannia Arrow, based in London, which later took the INVESCO name.[7] In 1997 INVESCO PLC merged with AIM Investments.[8] Upon completion of the merger the company adopted the name Amvescap.[9]

Since 2000 Invesco has grown through acquisitions such as the ETF firm PowerShares Capital Management and the restructuring of WL Ross & Co.[8]

In 2004, the company agreed to a $450 million settlement with the Attorneys General of New York, Colorado and the SEC after allegations of improper trading practices.[10]

In 2005, Martin Flanagan was appointed Chief Executive Officer who restored the company to profitability.[11]

In May 2007 the company changed their name to Invesco (initial cap only) PLC, moved its primary stock market listing from the London Stock Exchange to the NYSE and became domiciled in Bermuda, adopting the name Invesco Ltd.[12] As a result, the company's shares were withdrawn from the FTSE 100 Index and added to the Russell 1000 index.[13] In November 2007, Invesco moved its headquarters from London to Atlanta.<ref_name=Karkaria/>

Invesco plans to list the PowerShares Global Progressive Transportation Portfolio (PTRP on the Nasdaq Stock Market.[14][15]

On October 19, 2009, Invesco bought Morgan Stanley's Retail Unit, including Van Kampen Investments for $1.5 billion.[16]

In April 2010, Invesco Aim became Invesco. Later that year, it was reported that Invesco had plans to introduce a Risk parity commodity fund according to regulatory filings.[17]

In December 2013, Invesco reported assets under management (AUM) of $778.7 billion[18]

Key financial statistics[edit]

Year Ending Operating Revenue Net Income Assets Under Management Employees
31 December 2008 $3,307.6 million $481.7 million $357.2 billion 5,900
31 December 2007 $3,878.9 million $673.6 million $500.1 billion 5,475
31 December 2006 $3,246.7 million $482.7 million $462.6 billion 5,574
31 December 2005 $2,872.6 million $219.8 million $386.3 billion 5,798

See also[edit]

References[edit]

  1. ^ a b c d e f g "Invesco Ltd. 2013 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. February 21, 2014. 
  2. ^ "Invesco Ltd. 2014 Q1 Quarterly Report Form (10-Q)" (XBRL). United States Securities and Exchange Commission. May 1, 2014. 
  3. ^ a b "Invesco Ltd. 2014 Q1 Quarterly Report Form (10-Q)" (XBRL). United States Securities and Exchange Commission. May 1, 2014. 
  4. ^ "Annual Report 2007" (PDF). Invesco. Retrieved 2008-08-24. 
  5. ^ a b "Company overview". Invesco. Retrieved 2007-12-07. 
  6. ^ Karkaria, Urvaksh (2007-11-07). "Invesco moving global HQ to Atlanta". Atlanta Business Chronicle. Retrieved 2014-10-08. 
  7. ^ Chernoff, Joel (1994-07-25). "INVESCO'S U.K. BUSINESS HIT HARD". Pensions & Investments. Retrieved 2014-10-08. 
  8. ^ a b "Company history". Invesco. Retrieved 2007-12-07. 
  9. ^ Wyatt, Edward (1996-11-05). "Invesco to Acquire AIM for $1.6 Billion". The New York Times. ISSN 0362-4331. Retrieved 2014-10-08. 
  10. ^ Timmons, Heather (8 September 2004). "2 Fund Groups to Pay $450 Million to End Inquiry". The New York Times. Retrieved 2008-08-04. 
  11. ^ Treanor, Jill (1 August 2005). "Amvescap to pay Flanagan £28m". The Guardian. Retrieved 2007-12-11. 
  12. ^ "Invesco PLC Shareholders Approve Relisting on the New York Stock Exchange" (PDF) (Press release). Invesco. 14 November 2007. Retrieved 2007-12-01. 
  13. ^ "LSE to replace Invesco in UK's FTSE 100". Reuters. 30 November 2007. Retrieved 2007-12-01. 
  14. ^ "Invesco PowerShares to list Global Progressive Transportation ETF". Retrieved 2008-12-25. 
  15. ^ "Green Transportation Fund Set to Launch". Retrieved 2008-12-25. 
  16. ^ "Invesco Pulls the Trigger on Van Kampen Deal". Retrieved 2009-10-20. 
  17. ^ Wall Street Journal, Oct 2 2010, How Risky Are Those Low Risks Funds? Eleanor Laise
  18. ^ Invesco Ltd. Announces December 31, 2013 Assets Under Management

External links[edit]