Invesco increases assets under management
Invesco, the Atlanta investment company, increased its assets under management by 11.2 percent in the first quarter from a year ago, to $787.3 billion.
The company made $261.6 million attributable to common shareholders, a 16 percent increase over the same period a year ago. Invesco spent $43 million in the first quarter to vacate some leases and pay severance to staff as part of an initiative to alter its physical offices for “current and future business needs.”
Invesco’s operating expenses included a $31.1 million penalty paid as part of a settlement of an enforcement proceeding with the U.K. Financial Conduct Authority for Invesco’s lack of compliance with certain rules between May 2008 and November 2012.
The company continues “to deliver strong, long-term performance to our clients while effectively managing our business,” Invesco president and CEO Martin L. Flanagan said in a statement.
About the Author
Arielle Kass covers Gwinnett County for The Atlanta Journal-Constitution. She started at the paper in 2010, and has covered business and local government beats around metro Atlanta. Arielle is a graduate of Emory University.
