Invesco

Infobox Company
company_name = Invesco Ltd.
company_
company_type = Public (NYSE|IVZ)
foundation = 1935
location = Atlanta, Georgia
key_people = Rex D. Adams, Chairman
Martin L. Flanagan, President & CEO
Phil Taylor, Sr Director
James Robertson, Sr Director
Mark Armour,Sr Director
Diane Garnick, Investment Strategist
Wilbur Ross, CEO WL Ross

industry = Financial services
products = Investment management: real estate, distressed investing, bank loans, quantitative equity, fundamental equity, fixed income, hedge funds, fund of funds and environmental investing
revenue = US $3,878.9 million (2007)cite web |url=http://www.invesco.com/invest/reports/annrpt_07.pdf |title=Annual Report 2007 |accessdate=2008-08-24 |publisher=Invesco]
operating_income = profit US $994.3 million (2007)
net_income = US $673.6 million (2007)
num_employees = 5,475 (2007)
subsid =
homepage = [http://www.invesco.com www.invesco.com]
footnotes =

Invesco Ltd. (Amvescap PLC prior to May 2007, nyse|IVZ) is an investment management company incorporated in Bermuda and headquartered in Atlanta, Georgia. It is traded on the New York Stock Exchange. Its common stock is a constituent of the S&P 500, the S&P 500 Value index, Russell 1000 and the Russell MidCap Indices. It has branches in 20 countries,cite web
title = Company overview
publisher = Invesco
url = http://www.invesco.com/about/index.html
accessdate = 2007-12-07] with more than half of its business in the United States. Invesco operates under the Invesco, AIM, Trimark, Invesco Perpetual, Atlantic Trust, WL Ross and Powershares brand names.

History

The origins of the firm date back to December 1935, when Invesco was first incorporated. The company assumed its current form in 1997 with the merger between Invesco PLC and AIM Investments.cite web
title = Company history
publisher = Invesco
url = http://www.invesco.com/about/history.html
accessdate = 2007-12-07] Upon completion of the merger the company adopted the name Amvescap. In May, 2007, along with shareholder approval, the company changed the name back to Invesco Ltd.

Invesco has grown significantly through acquisitions since the turn of the century, gaining control of asset managers such as the ETF firm PowerShares Capital Management and the Wilbur Ross-led restructuring specialist WL Ross & Co. Invesco allows its investment centers to run their investment strategies independently, and differentiates itself by focusing exclusively on asset management and not offering brokerage, custody, or other services commonly offered by other asset managers.

In 2004 the company agreed to a $450 million settlement with the Attorney Generals of New York, Colorado and the SEC after allegations of improper trading practices. [cite news|url=http://www.nytimes.com/2004/09/08/business/08place.html|title=2 Fund Groups to Pay $450 Million to End Inquiry|last=Timmons|first=Heather|date=8 September 2004|work=The New York Times|accessdate=2008-08-04]

In 2005 Martin Flanagan was appointed Chief Executive Officer.CEO [cite news
last = Treanor
first = Jill
title = Amvescap to pay Flanagan £28m
publisher = The Guardian
date = 1 August, 2005
url = http://www.guardian.co.uk/business/2005/aug/01/5
accessdate = 2007-12-11] Since that time the company has been restored to profitability. Total assets under management at the end of June 2008 were $461.3 billion. [cite press release
title = Invesco Ltd. Announces June 30, 2008 Assets Under Management
publisher = Invesco
date = 9 July, 2008
url = http://www.invesco.com/media/press_releases/2008_07_09.pdf
accessdate = 2008-08-04]

After the close of trading on 3 December 2007, Invesco PLC moved its primary stock market listing from the London Stock Exchange to the NYSE and became domiciled in Bermuda, adopting the new name Invesco Ltd. [cite press release
title = Invesco PLC Shareholders Approve Relisting on the New York Stock Exchange
publisher = Invesco
date = 14 November, 2007
url = http://www.invesco.com/media/press_releases/2007_11_14.pdf
accessdate = 2007-12-01] As a result, the company's shares were withdrawn from the FTSE 100 Index and added to the Russell 1000 index. [cite news
title = LSE to replace Invesco in UK's FTSE 100
publisher = Reuters
date = 30 November, 2007
url = http://investing.reuters.co.uk/news/articleinvesting.aspx?type=allBreakingNews&storyID=2007-11-30T080021Z_01_L30278526_RTRIDST_0_FTSE-INVESCO.XML
accessdate = 2007-12-01]

It announced the anticipated listingof the PowerShares Global Progressive Transportation Portfolio (PTRP) on Sept. 18, 2008,on the Nasdaq Stock Market. The PTRP is based on the Wilder NASDAQ OMX Global Energy Efficient Transport Index [http://www.invescopowershares.com/news/pdf/NR%20082608%20PWSH%20Progressive%20Transportation.pdf] [http://www.greentechmedia.com/articles/green-transportation-fund-set-to-launch-1386.html] .

Key financial statistics

ponsorship

Invesco currently owns the corporate naming rights to INVESCO Field at Mile High, a stadium in Denver, Colorado.

ee also

* Invesco Perpetual
* Invesco Institutional
* Invesco Aim
* Invesco Trimark
* Invesco PowerShares
* Atlantic Trust Private Wealth
* Exchange-traded fund
* Stein Roe
* Sustainable transportation
* WL Ross & Co
* World Business Council for Sustainable Development

References

External links

* [http://www.invesco.com/ Invesco Official website]
* [http://www.invescoperpetual.co.uk/ Invesco Perpetual UK website]
* [http://www.institutional.invesco.com/ Invesco Institutional Official website]
* [http://www.invescoaim.com/ Invesco Aim US Website]
* [http://www.invescotrimark.com/ Invesco Trimark Canada Website]
* [http://www.invescopowershares.com/ Invesco PowerShares Official website]
* [http://www.atlantictrustco.com/ Atlantic Trust Private Wealth Official website]
* [http://www.wlross.com/ WL Ross & Co Official website]
* [http://www.sric.net Stein Roe Official website]