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Invesco

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Invesco Ltd.
Company typePublic
NYSE: IVZ
S&P 500 Component
IndustryFinancial services
Founded1935
HeadquartersAtlanta, 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
ProductsInvestment management: real estate, distressed investing, bank loans, quantitative equity, fundamental equity, Fixed income, hedge funds, Fund of funds and environmental investing
RevenueUS $3,878.9 million (2007)[1]
Increase US $994.3 million (2007)[1]
US $673.6 million (2007)[1]
Number of employees
6,189 (2011)[1]
Websitewww.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.[2][2] Invesco operates under the Invesco, Trimark, Invesco Perpetual, Atlantic Trust, WL Ross and Powershares brand names.

History

The firm incorporated in 1935 and in 1997 merged INVESCO PLC (all caps) and AIM Investments.[3] Upon completion of the merger the company adopted the name Amvescap.

Since 2000 Invesco has grown through acquisitions such as the ETF firm PowerShares Capital Management and the restructuring of WL Ross & Co.[3]

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.[4]

In 2005, Martin Flanagan was appointed Chief Executive Officer who restored the company to profitability.[5]

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to the NYSE and became domiciled in Bermuda, adopting the name Invesco Ltd.[6] As a result, the company's shares were withdrawn from the FTSE 100 Index and added to the Russell 1000 index.[7]

Invesco plans to list the PowerShares Global Progressive Transportation Portfolio (PTRP on the Nasdaq Stock Market.[8][9]

On October 19, 2009, Invesco bought Morgan Stanley's Retail Unit, including Van Kampen Investments for $1.5 billion.[10]

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.[11]

In December 2013, Invesco reported assets under management (AUM) of $778.7 billion[12]

Key financial statistics

Year Ending Operating Revenue Net Income Assets Under Management Employees
31 December 2008 $3,307.6 million $481.7 million $357.2 billion 5,325
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

References

  1. ^ a b c d "Annual Report 2007" (PDF). Invesco. Retrieved 2008-08-24.
  2. ^ a b "Company overview". Invesco. Retrieved 2007-12-07.
  3. ^ a b "Company history". Invesco. Retrieved 2007-12-07.
  4. ^ Timmons, Heather (8 September 2004). "2 Fund Groups to Pay $450 Million to End Inquiry". The New York Times. Retrieved 2008-08-04.
  5. ^ Treanor, Jill (1 August 2005). "Amvescap to pay Flanagan £28m". The Guardian. Retrieved 2007-12-11.
  6. ^ "Invesco PLC Shareholders Approve Relisting on the New York Stock Exchange" (PDF) (Press release). Invesco. 14 November 2007. Retrieved 2007-12-01.
  7. ^ "LSE to replace Invesco in UK's FTSE 100". Reuters. 30 November 2007. Retrieved 2007-12-01.
  8. ^ "Invesco PowerShares to list Global Progressive Transportation ETF" (PDF). Retrieved 2008-12-25.
  9. ^ "Green Transportation Fund Set to Launch". Retrieved 2008-12-25.
  10. ^ "Invesco Pulls the Trigger on Van Kampen Deal". Retrieved 2009-10-20.
  11. ^ Wall Street Journal, Oct 2 2010, How Risky Are Those Low Risks Funds? Eleanor Laise
  12. ^ Invesco Ltd. Announces December 31, 2013 Assets Under Management
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