MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, July 19, 2000 Invesco Promotes Two What happens when assets under management triple in the space of two years? If you are fund company without a chief investment officer and your name is Invesco Funds you search your offices for the role. The $50 billion fund company said today that Timothy J. Miller will take the CIO job. Meanwhile, eight-year Invesco veteran, John Schroer, will take a promotion to director of research. Miller has been at Invesco since 1992 and most recently headed its Growth Team. He will retain his day-to-day fund management responsibilities said a spokesperson. He is the lead manager of the $8 billion Dynamics midcap fund and is co manager on a second fund. Miller's marching orders are to keep the firm's fast growth on track. Invesco is planning to launch a new fund (Invesco Advantage) on August 24 and will launch "one or two" more funds in the fourth quarter. The new funds are likely to fill in gaps in Invesco lineup in the global and international area. The firm will be adding managers and analysts to support these products. Up till now Invesco has managed its investment staff through a team of five senior managers. Miller headed the Growth Team, Jerry Paul headed fixed income, Bill Kiethler headed the Sector Team, Charlie Mayer led Income-Equity, and John Schroer headed Research. In his new role Miller will take the head of this committee. "Tim has built one of the best fundamental growth investment teams and mutual fund investment records in the business. He is truly an investment professional whose primary goal has been to generate superior performance for our shareholders. We look forward to his leadership as we continue to expand our investment resources on behalf of our clients," said Mark H. Williamson, chairman and chief executive officer of Invesco Funds Group. Printed from: MFWire.com/story.asp?s=26060 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |