| Type | Public (NYSE: IVZ) S&P 500 Component |
|---|---|
| Industry | Financial services |
| Founded | 1935 |
| Headquarters | 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 |
| 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)[1] |
| Operating income | US $994.3 million (2007)[1] |
| Net income | US $673.6 million (2007)[1] |
| Employees | 6,189 (2011)[1] |
| Website | www.invesco.com |
Invesco Ltd. (NYSE: IVZ) is an independent investment management company that is incorporated in Bermuda, headquartered in Atlanta, Georgia 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.
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The firm incorporated in 1935 and in 1997 merged Invesco PLC 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.CEO[5]
In May, 2007 the company changed their name back to Invesco PLC and 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to the NYSE and became domiciled in Bermuda, adopting the name Invesco Ltd.[6] As a result, the company's shares were withdrawn from the FTSE 100 Index and added to the Russell 1000 index.[7]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 Van Kampen Investments and Morgan Stanley's Retail Unit for $1.5 billion.[10]
In April 2010, Invesco Aim became Invesco Ltd. Later that year it was reported that Invesco had plans to introduce a Risk parity commodity fund according to regulatory filings.[11]
In May 2011, Invesco reported assets under management of $661.4 Billion[12]
Total assets under management at the end of June 2011 were $653 billion.[13]
| 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 |