Invesco
#2020
Rank
$8.13B
Marketcap
United States
Country
Mr. Martin L. Flanagan CFA, CPA (Pres, CEO & Director)
Ms. Laura Allison Dukes (Sr. MD & CFO)
Mr. Gregory Gerard McGreevey C.F.A., CFA (Sr. Managing Director of Investments)
Summary
History
Invesco 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. In 2007 the company reverted to the Invesco name.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 May 2007 the company changed their name to Invesco 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. As a result, the company's shares were withdrawn from the FTSE 100 Index and added to the Russell 1000 Index.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.Invesco planned to list the PowerShares Global Progressive Transportation Portfolio . This fund was closed in 2010.On October 19, 2009, Invesco bought Morgan Stanley's Retail Unit, including Van Kampen Investments for $1.5 billion.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.In December 2013, Invesco reported assets under management of $778.7 billionIn September 2017, Invesco agreed to buy Guggenheim Investment's exchange-traded fund business for $1.2 Billion in cash.On October 18, 2018, Invesco purchased OppenheimerFunds from MassMutual for about $5.7 billion in stock.In March 2020 amid a major stock market crash triggered by the COVID-19 pandemic, Invesco Mortgage Capital Inc., a branch handling Real Estate Investment Trusts, announced they were unable to cover margin calls due to dramatic devaluations and investors selling shares. The company also announced they would delay dividend payments.
Mission
Vision
Key Team
Mr. Andrew Tak Shing Lo (Sr. MD & Chief Exec. Officer, Asia Pacific)
Mr. Andrew Ryan Schlossberg (Sr. MD & Head of the Americas)
Mr. David Farmer (Chief Operating Officer)
Mr. Donie Lochan (MD, CTO & Global Head of Technology)
Ms. Laurie F. Brignac C.F.A., CFA (CIO, Head - Repo & Gov. Funds, Co-Head - North American Cash Portfolio Mgmt & Sr. Portfolio Mngr)
Mr. Michael D. Hyman (Head of Global Credit Strategies & CIO of Global Investment Grade & Emerging Markets)
Ms. Terry Gibson Vacheron (Chief Accounting Officer)
Recognition and Awards
References
https://en.wikipedia.org/wiki/Invesco
https://in.investing.com/equities/invesco-ltd
https://finance.yahoo.com/quote/IVZ/profile?p=IVZ
https://www.comparably.com/companies/invesco/mission
https://www.crunchbase.com/organization/invesco-perpetual
https://sec.report/CIK/0000914208
Mr. Martin L. Flanagan CFA, CPA (Pres, CEO & Director)
Ms. Laura Allison Dukes (Sr. MD & CFO)
Mr. Gregory Gerard McGreevey C.F.A., CFA (Sr. Managing Director of Investments)