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About Invesco > History

Monday, October 13, 2008

History

Although several of our constituent corporate entities are significantly older, our parent company Invesco Ltd., in its modern form was created by the 1997 combination of two asset management businesses: Invesco and AIM, both of which had been founded in the 1970s. Envisioning a broad international market for asset management, our company's Chairman Emeritus Charles W. Brady and eight partners in Atlanta, Georgia had purchased the pension management department from their employer, a large regional U.S. bank, in 1978, naming the new business Invesco. Through the years, by careful merger and acquisition, Invesco assembled a well-focused and autonomous group of established money management firms - each concentrating on a distinct segment of the investment market - to become one of the world's leading institutional managers.

Some of the key events along the timeline are as follows:

1988	Invesco merged with century old global asset manager Britannia Arrow and gained a listing on the London Stock Exchange. Invesco is renamed Invesco MIM.
1990	Invesco MIM purchases PRIMCO Capital Management in Louisville, Kentucky, (now Invesco Worldwide Fixed Income Group within Invesco NA).
1992	Invesco MIM purchases Realty Advisors in Dallas, Texas (now Invesco Real Estate within Invesco NA).
1993	Invesco MIM is renamed Invesco PLC.
1996	Invesco PLC purchases Aetna's Hong Kong assets.
1997	Invesco PLC merges with AIM and becomes AMVESCAP.
1998	AMVESCAP purchases Chancellor LGT (now Invesco Private Capital within Invesco NA).
2000	AMVESCAP purchases Trimark Financial Corporation (now AIM Trimark) in Canada and Perpetual (now Invesco Perpetual, within Invesco UK) in London.
2001	AMVESCAP purchases National Asset Management Group (now part of Invesco Structured Products Group within Invesco NA). AMVESCAP purchases Pell Rudman & Co. (now part of Atlantic Trust). AMVESCAP Purchases Parkes and Company (now part of Invesco Real Estate within Invesco NA).
2002	AMVESCAP Purchases Whitehall Asset Management (now part of Atlantic Trust).
2003	AMVESCAP creates operating divisions including Invesco AIM Atlantic Trust Private Wealth Management AMVESCAP Retirement Invesco purchases Hypo Vereinsbank's institutional real estate business (now part of Invesco Real Estate within Invesco NA).
2004	AMVESCAP purchases Stein Roe Investment Counsel (now part of Atlantic Trust). AMVESCAP integrates AIM/Invesco Funds Group.
2005	AMVESCAP sells AMVESCAP Retirement.
2006	In September, AMVESCAP announced it had completed its previously announced acquisition of PowerShares Capital Management LLC, a leader in the fast-growing exchange-traded fund (ETF) industry. PowerShares' family of 37 distinctive ETFs will now be distributed by AIM Investments. In October, AMVESCAP announced it had completed its previously announced acquisition of WL Ross & Co. LLC, one of the investment industry's leading financial restructuring groups. The addition of WL Ross & Co. significantly expands the range of sophisticated investments for AMVESCAP's global clients.

2007	On May 23, 2007, shareholders approved a resolution changing the name of the company from AMVESCAP to Invesco PLC. For more information go to www.invesco.com.
	On December 4, 2007, Invesco Ltd. began trading on the New York Stock Exchange. The occasion was marked by senior executives participating in ringing The Opening Bell^SM.

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