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

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

Rating:Merger Will Eliminate 60 Sales Jobs Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, March 22, 2010

Merger Will Eliminate 60 Sales Jobs

News summary by MFWire's editors

When Invesco finishes its acquisition of Morgan Stanley's retail asset management business (including Van Kampen), the union will eliminate 60 jobs from the combined sales organization, an Invesco Aim spokesperson confirmed to The MFWire.

The deal is expected to close at the end of the second quarter.

There will be a total of 375 people in the combined sales force led by John Cooper, president and CEO of Invesco Aim Distributors.

Bobby Brooks, currently head of the wirehouse channel for Invesco, will have the same role at the combined organization supported by 33 wholesalers. Brian Lee, senior director of sales and channel development at Invesco, will run the planner channel with 30, Andrew Scherer, managing director of the intermediary channel at Van Kampen, will oversee the RIA channel with five and Mark McClure, who runs the broker-dealer channel at Van Kampen, will head up the independent broker-dealer channel with 27 wholesalers.

Invesco's Terri Fielder will continue as head of national accounts management. Peter Gallagher will remain director of sales and institutional business development, in charge of DC, insurance and sub-advisory sales via home offices. That team will consist of 12 people. Terry Kelly will remain director of sales, retirement and insurance division.

The number of retirement consultants will go from nine to 12, according to the Invesco spokesperson. 

Edited by: Armie Margaret Lee


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
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
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. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use