Invesco

From Infogalactic: the planetary knowledge core
Jump to: navigation, search
Invesco Ltd.
Public
Traded as NYSE: IVZ
S&P 500 Component
Industry Financial services
Founded 1935
Headquarters Atlanta, Georgia, U.S.
Key people
 Rex D. Adams, Chairman
Martin L. Flanagan, President & 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 equity, Fixed income, hedge funds, Fund of funds, environmental investing and ETFs
Revenue
  • Increase US$ 4,644.6 million (2013) [1]
  • Increase US$ 4,050.4 million (2012) [1]
  • Increase US$ 1,120.2 million (2013) [1]
  • Decrease US$ 842.6 million (2012) [1]
  • Increase US$ 940.3 million (2013) [1]
  • Decrease US$ 677.1 million (2012) [1]
Total assets
  • Increase US$ 19,270.5 million (2013) [2]
  • Decrease US$ 17,492.4 million (2012) [1]
Total equity
  • Decrease US$ 8,977.3 million (2013) [3]
  • Decrease US$ 9,049.0 million (2012) [3]
Number of employees
 6,189 (2011)[4]
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.[5] Invesco operates under the Invesco, Trimark, Invesco Perpetual, WL Ross and Powershares brand names.

History

INVESCO (all caps) was created in Atlanta in 1978 when Citizens & Southern National Bank divested its money management operations.[6] In 1988, the company was purchased by the British firm Britannia Arrow, based in London, which later took the INVESCO name.[7] In 1997 INVESCO PLC merged with AIM Investments.[8] Upon completion of the merger the company adopted the name Amvescap.[9]

Since 2000 Invesco has grown through acquisitions such as the ETF firm PowerShares Capital Management and the restructuring of WL Ross & Co.[8]

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.[10]

In 2005, Martin Flanagan was appointed Chief Executive Officer who restored the company to profitability.[11]

In May 2007 the company changed their name to Invesco (initial cap only) 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.[12] As a result, the company's shares were withdrawn from the FTSE 100 Index and added to the Russell 1000 index.[13] In November 2007, Invesco moved its headquarters from London to Atlanta.[6]

Invesco plans to list the PowerShares Global Progressive Transportation Portfolio (PTRP on the Nasdaq Stock Market.[14][15]

On October 19, 2009, Invesco bought Morgan Stanley's Retail Unit, including Van Kampen Investments for $1.5 billion.[16]

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.[17]

In December 2013, Invesco reported assets under management (AUM) of $778.7 billion[18]

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 5,900
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

See also

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ 3.0 3.1 Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ 6.0 6.1 Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ 8.0 8.1 Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  15. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  16. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  17. ↑ Wall Street Journal, Oct 2 2010, How Risky Are Those Low Risks Funds? Eleanor Laise
  18. ↑ Invesco Ltd. Announces December 31, 2013 Assets Under Management

External links

Retrieved from "https://infogalactic.com/w/index.php?title=Invesco&oldid=4572379"