Invesco Ltd. is a global investment management company based in Atlanta. The mutual-fund giant has 55 offices in 20 countries. The company has well-known fund brands such as AIM and GT Global, as well as a stable of conservatively managed money market funds. Its recent acquisition of Morgan Stanley's retail asset management unit Van Kampen makes the company one of the top 10 asset managers.
A sweeping restructing begun in 2005 by chief executive Martin Flanagan has been widely viewed as paying off. The makeover streamlined marketing and infrastructure management and replaced a star system of fund managers with teams. The firm bought exchange-traded funds shop PowerShares Capital Management in 2006 and now is the only other major mutual fund firm other than The Vanguard Group Inc. to offer ETFs. In 2007, the company changed its name back to Invesco, its original name, from Amvescap.
Its Invesco WL Ross subsidiary recently launched a joint venture to advise and provide funding for energy investments in China, called Huaneng Invesco WLR Investment Consulting Co., which aims to identify and fund private equity investments in activities such as mining and power generation. The company has been expanding its investment offerings and boosting performance. Its recent acquisition of Van Kampen will add in fixed-income funds, including municipal bond funds and balance its growth-oriented funds with a value-focused line. While the company doesn't have a brokerage business or a retail-banking presence, it has a relationship with Morgan Stanley Smith Barney brokers through its Van Kampen acquisition.
Flanagan, before joining Invesco in 2005, had been president and co-chief executive at Franklin Resources Inc., having moved up the ranks after starting out his career with legendary investor John Templeton.
Employees at the Invesco Perpetual Henley office in Oxfordshire, England, have a beauty therapist at their disposal as part of the company's wellbeing program, along with an on-site gym and other benefits.