The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Rebound at Invesco Catches the WSJ's Eye Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, January 29, 2009

Rebound at Invesco Catches the WSJ's Eye

by: Armie Margaret Lee

In Thursday's Wall Street Journal Fund Track, Sam Mamudi notes that Invesco is holding its own among its rival fund firms after struggling for years and credits the rebound to changes implemented by CEO Martin Flanagan, who took the top job in 2005. If the article seems familiar, that's because it first appeared in the WSJ's sister publication MarketWatch on Monday (see The MFWire, 01-27-09).

The changes Flanagan has implemented include simplifying the organization. Invesco had about 5,400 employees at the end of September, down from around 6,500 in June 2005.

"We expect this trend to continue in 2009," a spokesman was quoted as saying.

Going forward, Flanagan told Mamudi that he aims to grow the firm's clientele outside the U.S. Currently, 42 percent of its clients are outside the US.

"When you think that half of all manageable assets are in the U.S., then by definition 50% should be non-U.S.," he said. "We're getting there." 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use