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

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

Rating:A Founder of a $1.2T-AUM Titan Dies Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, December 11, 2019

A Founder of a $1.2T-AUM Titan Dies

News summary by MFWire's editors

The team at an asset management titan is mourning a fallen founder.

Charles William Brady
1935-2019
Charlie Brady, founder and chairman emeritus of Invesco [profile], died on December 7 at the age of 84, the Invesco team confirms. Brady died in Invesco's hometown of Atlanta.

P&I covered the news.

Charles William Brady, an Atlanta native, earned a degree in industrial development from the Georgia Institute of Technology. (He later served on the advisory board for Georgia Tech's College of Management.) He started his career working for a stock broker, then joined Citizens & Southern Bank. There he launched an RIA division registered with the SEC (a division the Invesco team claims was the first of its kind in the U.S.). Brady and several colleagues spun that unit out in 1978 to create Invesco, with $400 million in starting AUM. In the 41 years since, Invesco's AUM has grown to $1.2019 trillion in AUM (thanks in part to a host of M&A) as of November 30, 2019.

He rose to chairman and CEO of Amvescap (then Invesco's parent, later rebranded as Invesco). In 2006, he retired and became chairman emeritus.

Marty Flanagan, Brady's successor as CEO, remembers Brady as "a pioneer in the world of asset management, and an excellent leader." The Invesco team writes that Brady "was known as a master marketer, motivator, and negotiator."

"He was driven to make Invesco a global firm and never wavered from that goal. Invesco would not be where it is today without Charlie's vision, business acumen, and commitment to his firm and its people." Flanagan states. "We've lost a friend, a colleague, and a mentor."

Brady is survived by his wife, Nina, whom he married in 2017. 

Edited by: Neil Anderson, Managing Editor


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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q2Q1
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:
Raw XML
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