You might also like
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.
| 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. |
-
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?
-
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?
-
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?
-
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?
-
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?
Recent press releases and 8-K filings for IVZ.
- Invesco announced the sale of a stake in its Indian business, retaining 40%, as part of its strategy to simplify and streamline operations while leveraging local market growth opportunities.
- The company is enhancing its active equity capabilities—an area contributing over 35% of revenues—by focusing on global and international strategies alongside growing its ETF business globally.
- Invesco updated its capital structure by retiring $1 billion of a $4 billion preferred instrument with MassMutual, replacing it with callable term loans to boost capital flexibility.
- Invesco Ltd. entered into a five-year unsecured $2.5 billion Seventh Amended and Restated Credit Agreement with a syndicate of banks and institutional lenders, which includes sublimits for standby letters of credit and swingline loans.
- The new Credit Agreement amends the existing $2.0 billion agreement from April 2023, originally scheduled to expire in 2028, with no prepayment fees incurred during the amendment.
- Key financial covenants under the agreement require maintaining a Debt/EBITDA ratio at or below 3.25:1.00, with provisions to temporarily increase this ratio to 3.75:1.00 if an acquisition exceeding $500 million occurs.
- Q1 2025 Performance: Reported diluted EPS of $0.38, adjusted EPS of $0.44, net long-term inflows of $17.6B and AUM of $1.8T
- Operational Excellence: Achieved robust performance with improved operating margins (18.1% reported, 31.5% adjusted) and over 5% long-term organic growth
- $1B Repurchase Transaction: Executed an all-cash repurchase of Series A Preferred Stock—expected to boost EPS by $0.13 by 2029—along with repurchasing 1.5M common shares for $25M and potential future buybacks up to $3B, funded by debt with closure targeted in May 2025
- Strategic Partnerships: Partnered with MassMutual (18.2% holding) and Barings to drive U.S. wealth management innovation with a $650M seed capital commitment
- Preliminary month-end AUM was $1,844.8 billion, marking a 2.3% decrease from the previous month-end.
- The period saw net long-term inflows of $6.5 billion, offset by non-management fee net outflows of $1.7 billion, with unfavorable market returns reducing AUM by $60 billion.
- Quarterly averages for the period were $1,880.8 billion in total AUM and $1,043.1 billion in active AUM.
- Preliminary month-end AUM reported at $1,888.6 billion was down 0.7% versus the previous month, reflecting the impact of unfavorable market returns which decreased AUM by $20 billion.
- The firm achieved net long-term inflows of $6.0 billion, with non-management fee earning inflows of $4.4 billion partially offset by money market net outflows of $7.1 billion and a FX contribution of $2.0 billion.
- Preliminary AUM for February 28, 2025: $1,888.6 billion, reflecting a 0.7% decrease from the previous month-end.
- The month saw net long-term inflows of $6.0 billion with further details showing non-management fee inflows of $4.4 billion and money market net outflows of $7.1 billion.
- AUM was further impacted by unfavorable market returns (-$20 billion), which were partially offset by FX gains of $2.0 billion, and quarter averages were also disclosed.