Invesco takes bite out of Big Apple
Global investment management company Invesco has moved its listing from the London to the New York Stock Exchange (NYSE) in a bid to increase its presence in the United States.
“The move of our primary stock listing from the London Stock Exchange to the NYSE marks a major milestone for Invesco that further enhances our visibility in this critical market by providing direct comparability with our peer global investment management firms,” said president and chief executive Martin Flanagan.
In a statement to media, Invesco said that the NYSE listing would also enable the company to operate under a single regulator.
Invesco is one of the world’s largest independent investment managers, with more than $571 billion in assets under management. The company’s Australian division, Invesco Australia, has operated as a specialist investment manager for more than 20 years.
AUTHOR
Recommended for you
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.
