Public | |
Traded as | : IVZ S&P 500 Component |
Industry | Financial services |
Founded | 1935 |
Headquarters | Atlanta, Georgia, U.S. |
Key people
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Rex D. Adams, Chairman Martin L. Flanagan (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 , Fixed income, hedge funds, Fund of funds, environmental investing and ETFs |
Revenue |
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Total assets |
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Total equity |
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Number of employees
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6,189 (2011) |
Website | www.invesco.com |
Invesco Ltd. is an American independent investment management company that is 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. Invesco operates under the Invesco, Trimark, Invesco Perpetual, WL Ross and Powershares brand names.
INVESCO (all caps) was created in Atlanta in 1978 when Citizens & Southern National Bank divested its money management operations. In 1988, the company was purchased by the British firm Britannia Arrow, based in London, which later took the INVESCO name. In 1997 INVESCO PLC merged with AIM Investments. 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.
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.
In 2005, Martin Flanagan was appointed Chief Executive Officer who restored the company to profitability.
In May 2007 the company changed their name to Invesco (initial cap only) PLC, moved its primary stock market listing from the to the NYSE and became domiciled in Bermuda, adopting the name Invesco Ltd. As a result, the company's shares were withdrawn from the FTSE 100 Index and added to the Russell 1000 index. In November 2007, Invesco moved its headquarters from London to Atlanta.