Invesco Ltd. is an independent investment management firm that provides a wide range of active, passive, and alternative investment capabilities to help clients meet their investment goals . The company manages approximately $1.6 trillion in assets as of December 31, 2023, and serves clients in over 120 countries . Invesco offers retail and institutional investment products across major asset classes, with its retail products distributed through third-party financial intermediaries and institutional products distributed globally to a diverse client base . The company's revenue primarily comes from investment management fees based on assets under management, which can be affected by market price fluctuations .
- Retail Investment Products - Offers a variety of investment options distributed through third-party financial intermediaries, catering to individual investors seeking to achieve their financial objectives.
- Institutional Investment Products - Provides investment solutions to a diversified global client base, including public and private entities, unions, and financial institutions, focusing on meeting the specific needs of institutional investors.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Andrew R. Schlossberg ExecutiveBoard | President and CEO | Board of Governors and Executive Committee Member of the Investment Company Institute. | Joined IVZ in 2001. Held multiple leadership roles, including Head of Americas and EMEA. Became CEO on June 30, 2023. Led IVZ to $1.6T AUM in 2023. | View Report → |
Alan L. Smith Executive | Senior Managing Director and Chief Human Resources Officer | Board Member of Cornerstone Family Programs; Member of Morris School District Board of Education. | Joined IVZ in March 2024. Former CHRO at Corebridge Financial. Oversees global HR strategy and diversity initiatives. | |
Andrew T.S. Lo Executive | Senior Managing Director and Head of Asia Pacific | None disclosed. | Joined IVZ in 1994. Head of Asia Pacific since 2001. Led the region to $11B in net flows and 5.3% organic growth in 2023. | |
Douglas J. Sharp Executive | Senior Managing Director and Head of Americas and EMEA | None disclosed. | Joined IVZ in 2008. Former Head of EMEA. Appointed to current role in June 2023. Achieved $20M in cost savings and improved governance. | |
Jeffrey H. Kupor Executive | Senior Managing Director and General Counsel | Board Member of ICI Mutual Insurance Company. | Joined IVZ in 2002. Appointed General Counsel in January 2023. Former Head of Legal, Americas. | |
L. Allison Dukes Executive | Senior Managing Director and CFO | Director at Haverty Furniture Companies, Inc.; Trustee at Emory University and Children’s Healthcare of Atlanta. | Joined IVZ in 2020. Former CFO of SunTrust Banks. Delivered $44M in cost savings and improved financial flexibility at IVZ. | |
Stephanie C. Butcher Executive | Senior Managing Director and Co-Head of Investments | None disclosed. | Joined IVZ in 2003. Former CIO of EMEA. Appointed Co-Head of Investments in February 2023. Unified global investment platforms and improved equity performance. | |
Tony L. Wong Executive | Senior Managing Director and Co-Head of Investments | Trustee of Children’s Healthcare of Atlanta. | Joined IVZ in 1996. Former Head of Fixed Income Investments. Appointed Co-Head of Investments in February 2023. Delivered strong fixed income and private markets performance. | |
Christopher C. Womack Board | Non-Executive Director | Chairman, President, and CEO of Southern Company; Board Member of Georgia Ports Authority. | Non-executive director at IVZ since 2021. Chairman and CEO of Southern Company since 2023. Brings expertise in energy and governance. | |
Elizabeth S. Johnson Board | Non-Executive Director | Chief Experience Officer and Head of ESG at Citizens Financial Group. | Non-executive director at IVZ since February 2023. Brings expertise in digital transformation and client-focused strategy. | |
G. Richard Wagoner, Jr. Board | Chair of the Board | Chair of Excelitas Technologies; Board Member of Graham Holdings and ChargePoint Holdings. | Former Chairman and CEO of General Motors. Non-executive director at IVZ since 2013. Chair of the Board since 2019. | |
Phoebe A. Wood Board | Non-Executive Director | Board Member at Leggett & Platt, Pioneer Natural Resources, and PPL Corporation. | Non-executive director at IVZ since 2010. Chair of the Audit Committee. Former CFO of Brown-Forman Corporation. | |
Sir Nigel Sheinwald Board | Non-Executive Director | Chair of Chatham House; Director at Oxford Instruments; Senior Advisor to Universal Music Group. | Former British Ambassador to the U.S. Non-executive director at IVZ since 2015. Brings expertise in regulatory and governmental affairs. |
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Given the volatility in China, particularly in fixed income where you reported outflows after a strong second quarter, how confident are you in the sustainability of your business in that region, and what specific actions are you taking to mitigate the risks associated with such volatility?
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Despite some moderation, your fundamental equity flows continue to experience net outflows of approximately $1 billion to $2 billion per quarter, down from quarterly peak outflows of $6 billion in 2022. What concrete strategies are you implementing to reverse this trend and gain market share in the fundamental equity categories?
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You achieved positive long-term organic flow growth in each of your three regions, but the Americas showed a lower growth rate of 4% compared to Asia Pacific at 9% and EMEA at 5%. What challenges are you facing in the Americas, and how do you plan to enhance growth in this region?
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While you've focused on improving fundamental equity performance, only 28% of your AUM is in the top quartile over 1 and 5 years, and 24% over 3 years, with 61% in the top half over 5 years. What specific steps are you taking to improve this performance, and when do you expect to see material improvements?
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You've strengthened your balance sheet, meeting your zero net debt goal and executing $25 million of share buybacks during the quarter. How do you balance these capital return initiatives with the need to invest in growth areas, and could this impact your ability to improve operating leverage?
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Recent press releases and 8-K filings for IVZ.
- AUM reached $2.1 trillion at quarter-end, up 6% from Q2, driven by $99 billion of market gains and $29 billion of net long-term inflows (8% annualized organic growth); ETF/index AUM milestone of $1 trillion
- Net revenues of $1.2 billion (up $82 million YoY), adjusted operating margin of 34.2% (+300 bps sequentially, +260 bps YoY), and adjusted EPS of $0.61
- Capital actions: repaid $260 million of term loans (remaining $240 million due by end-of-month), repurchased $25 million (1.2 million shares), and targeting ~60% total payout ratio in 2025-26
- Strategic initiatives: launched the Invesco Dynamic Credit Opportunity Fund in partnership with Barings (supported by $650 million from MassMutual); agreed to sell majority of Indian business for ~$140 – 150 million (closing Q4); QQQ ETF proxy vote adjourned to Dec 5
- Record AUM of $2.1 trillion, driven by $29 billion of net long-term inflows (8% annualized organic growth) and ETF/index AUM reaching $1 trillion with 15% organic growth.
- Net revenues of $1.2 billion, adjusted operating margin improved 300 bps sequentially to 34.2%, and adjusted EPS was $0.61.
- Strengthened capital position by repaying $260 million of term loans (to repay remaining $240 million by month-end), repurchasing $25 million (1.2 million shares) of common stock, and capturing 60% of a $0.13 EPS run-rate benefit from preferred dividend reduction.
- Key strategic actions include adjournment of the QQQ ETF proxy vote to December 5 for fee-structure changes, and planned Q4 closings of the IntelliFlow sale (~$100 million net cash plus up to $65 million earn-outs) and majority-interest sale of India asset management for $140–150 million proceeds.
- Invesco reached record AUM of $2.1 trillion, driven by $29 billion net long-term inflows and $99 billion of market gains in Q3 2025.
- Net revenues were $1.2 billion, delivering a 34.2% adjusted operating margin (+300 bps sequential) and $0.61 adjusted EPS.
- Inflows were broad-based: $13 billion in fixed income, $8.1 billion in the China JV (AUM $122 billion), and $600 million in private markets.
- Continued capital management and divestitures: repaid $260 million of term loan with the remaining $240 million due this month, $25 million in share buybacks, and Q4 closings expected for the IntelliFlow sale (
$100 million net cash) and India JV minority stake ($140–150 million). - The special meeting to vote on the QQQ ETF structure was adjourned to December 5, with strong shareholder support for the proposals.
- In Q3 2025, net long-term inflows totaled $28.9 bn, driving 7.9% annualized organic growth and record ending AUM of $2.125 trn, up 18.3% YoY.
- Net revenues rose 7.4% YoY to $1.186 bn, while adjusted operating expenses increased 3.3%, yielding an adjusted operating margin of 34.2%, a 260 bp YoY improvement.
- Adjusted diluted EPS was $0.61, up 38.6% YoY and 69.4% sequentially.
- Strengthened the balance sheet by repaying $260 M of term loans and executing $25 M of share buybacks.
- Invesco reported GAAP diluted EPS of $0.66 and adjusted diluted EPS of $0.61, each reduced by $0.08 due to a non-cash impairment charge of $35.9 million.
- Net long-term inflows totaled $28.9 billion, driving ending AUM to $2.125 trillion, up 6.2% from the prior quarter.
- Operating income rose to $270.9 million with a 16.5% GAAP operating margin and a 34.2% adjusted operating margin, up 240 bps and 300 bps quarter-over-quarter.
- Strengthened the balance sheet by repaying $260 million of term loans (revolver at zero), repurchasing 1.2 million shares for $25 million, and declaring a $0.21 common dividend.
- Invesco generated $28.9 bn of net long-term inflows in Q3 2025, led by ETFs & Index, China JV & India, and Fundamental Fixed Income, and ended the quarter with $2.125 trn of AUM, up 6.2% from Q2 2025.
- Operating margin expanded to 16.5% and adjusted operating margin to 34.2%, up 240 bps and 300 bps, respectively, from the prior quarter.
- Reported GAAP diluted EPS of $0.66 and adjusted diluted EPS of $0.61, versus $0.12 and $0.44 in Q3 2024.
- Strengthened the balance sheet by repaying $260 m of term loans, ending with no revolver borrowings, and repurchased 1.2 m common shares for $25 m.
- As of September 30, 2025, Invesco’s total AUM was $2,124.8 billion, up 3.0% month-on-month.
- The firm recorded $11.9 billion in net long-term inflows in September, including $1.1 billion in non-management fee earning inflows and $2.0 billion in money market outflows.
- Market gains added $49 billion to AUM, while FX movements detracted $0.3 billion, partially offset by $1.0 billion of reinvested distributions.
- Preliminary average total AUM for Q3 2025 was $2,060.4 billion and average active AUM was $1,102.5 billion through September 30.
- Invesco’s preliminary month-end AUM for September 30, 2025 was $2,124.8 billion, a 3.0% increase versus August 31, 2025.
- The firm achieved net long-term inflows of $11.9 billion, including $1.1 billion in non-management fee earning inflows, offset by $2.0 billion of money market outflows.
- Favorable market returns added $49 billion to AUM, while FX movements reduced AUM by $0.3 billion, with $1.0 billion from reinvested distributions.
- Preliminary average total AUM for Q3 2025 was $2,060.4 billion, and average active AUM was $1,102.5 billion through September 30, 2025.
- Invesco completed the first initiative in its strategic partnership with Barings by launching the Invesco Dynamic Credit Opportunity Fund, a closed-end interval fund tapping its $131 billion private markets business.
- MassMutual will provide $650 million of initial support to the partnership, including a $150 million commitment to the new fund.
- The fund is managed by Scott Baskind, CIO and Head of Global Private Credit at Invesco, alongside Barings’ Matthew Freund and Michael Searles.
- The partnership will deliver scalable, income-oriented multi-strategy credit solutions tailored to U.S. wealth clients across market cycles.
- Global investment firm Carlyle will acquire Invesco’s cloud-based practice management software business intelliflo for up to $200 million, including $135 million at closing (expected in Q4 2025) and up to $65 million in earn-outs.
- intelliflo serves over 30,000 professionals at approximately 2,600 UK advisory firms, managing around £450 billion in client assets; the deal also includes its US subsidiaries (RedBlack and intelliflo Portfolio), which will be carved out into a standalone RedBlack entity.
- Equity financing will come from Carlyle Europe Technology Partners V’s €3 billion fund, aiming to bolster intelliflo’s UK/Australia growth and sharpen focus on US Registered Investment Advisors under RedBlack.