AMVESCAP
Encyclopedia
Invesco Ltd. 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. Invesco operates under the Invesco, Trimark, Invesco Perpetual, Atlantic Trust, WL Ross and Powershares brand names.
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.CEO
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. As a result, the company's shares were withdrawn from the FTSE 100 Index
and added to the Russell 1000 index.
Invesco plans to list the PowerShares Global Progressive Transportation Portfolio (PTRP on the Nasdaq Stock Market.
On October 19, 2009, Invesco bought Van Kampen Investments
and Morgan Stanley
's Retail Unit for $1.5 billion.
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.
In May 2011, Invesco reported assets under management of $661.4 Billion
Total assets under management
at the end of June 2011 were $653 billion.
Investment management
Investment management is the professional management of various securities and assets in order to meet specified investment goals for the benefit of the investors...
company that is incorporated in Bermuda
Bermuda
Bermuda is a British overseas territory in the North Atlantic Ocean. Located off the east coast of the United States, its nearest landmass is Cape Hatteras, North Carolina, about to the west-northwest. It is about south of Halifax, Nova Scotia, Canada, and northeast of Miami, Florida...
, headquartered in Atlanta, Georgia
Atlanta, Georgia
Atlanta is the capital and most populous city in the U.S. state of Georgia. According to the 2010 census, Atlanta's population is 420,003. Atlanta is the cultural and economic center of the Atlanta metropolitan area, which is home to 5,268,860 people and is the ninth largest metropolitan area in...
and has branch offices in 20 countries. Its common stock is a constituent of the S&P 500
S&P 500
The S&P 500 is a free-float capitalization-weighted index published since 1957 of the prices of 500 large-cap common stocks actively traded in the United States. The stocks included in the S&P 500 are those of large publicly held companies that trade on either of the two largest American stock...
and trades on the New York stock exchange. 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 and AIM Investments. Upon completion of the merger the company adopted the name Amvescap.Since 2000 Invesco has grown through acquisitions such as the ETF
Exchange-traded fund
An exchange-traded fund is an investment fund traded on stock exchanges, much like stocks. An ETF holds assets such as stocks, commodities, or bonds, and trades close to its net asset value over the course of the trading day. Most ETFs track an index, such as the S&P 500 or MSCI EAFE...
firm PowerShares Capital Management and the restructuring
Restructuring
Restructuring is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs...
of WL Ross & Co..
In 2004, the company agreed to a $450 million settlement with the Attorneys General
State Attorney General
The state attorney general in each of the 50 U.S. states and territories is the chief legal advisor to the state government and the state's chief law enforcement officer. In some states, the attorney general serves as the head of a state department of justice, with responsibilities similar to those...
of New York, Colorado
Colorado
Colorado is a U.S. state that encompasses much of the Rocky Mountains as well as the northeastern portion of the Colorado Plateau and the western edge of the Great Plains...
and the SEC after allegations of improper trading practices.
In 2005, Martin Flanagan was appointed Chief Executive Officer who restored the company to profitability.CEO
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
In May, 2007 the company changed their name back to Invesco PLC and moved its primary stock market listing from the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
to the NYSE and became domiciled in Bermuda
Bermuda
Bermuda is a British overseas territory in the North Atlantic Ocean. Located off the east coast of the United States, its nearest landmass is Cape Hatteras, North Carolina, about to the west-northwest. It is about south of Halifax, Nova Scotia, Canada, and northeast of Miami, Florida...
, adopting the name Invesco Ltd. As a result, the company's shares were withdrawn from the FTSE 100 Index
FTSE 100 Index
The FTSE 100 Index, also called FTSE 100, FTSE, or, informally, the footsie , is a share index of the 100 most highly capitalised UK companies listed on the London Stock Exchange....
and added to the Russell 1000 index.
Invesco plans to list the PowerShares Global Progressive Transportation Portfolio (PTRP on the Nasdaq Stock Market.
On October 19, 2009, Invesco bought Van Kampen Investments
Van Kampen Investments
Van Kampen Investments, Inc. was a respected mutual fund company. Formerly independent, it was acquired by Morgan Stanley in 1996...
and Morgan Stanley
Morgan Stanley
Morgan Stanley is a global financial services firm headquartered in New York City serving a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley also operates in 36 countries around the world, with over 600 offices and a workforce of over 60,000....
's Retail Unit for $1.5 billion.
In April 2010, Invesco Aim became Invesco Ltd. Later that year it was reported that Invesco had plans to introduce a Risk parity
Risk parity
Risk parity is an alternative approach to investment portfolio management which focuses on allocation of risk rather than allocation of capital...
commodity fund according to regulatory filings.
In May 2011, Invesco reported assets under management of $661.4 Billion
Total assets under management
Assets under management
Assets under management is a financial term used denote the market value of funds being managed by a financial instutition on behalf of its clients, investors, depositors, etc. This metric is a sign of size and success against competition...
at the end of June 2011 were $653 billion.
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 |