Jerome P. Kenney to Join Board of Directors
ATLANTA, Dec. 3 /CNW/ -- Shares of Invesco Ltd. will begin trading on the
New York Stock Exchange with the opening of the market on Tuesday, December 4,
2007. To mark the occasion, senior executives of Invesco, including Chairman
Rex Adams and President and Chief Executive Officer Martin L. Flanagan, will
ring The Opening Bell(SM).
"The move of our primary stock listing from the London Stock Exchange to
the New York Stock Exchange 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 Mr.
Flanagan. "During 2007 we changed the company's name to Invesco and introduced
a new brand identity to share our vision of Invesco as an integrated, global
investment management organization. These important initiatives will assist
Invesco as we work to build value for our clients, employees and
Additionally, Invesco Ltd. today announced that Jerome P. Kenney, 66, has
been elected a non-executive member of the Board of Directors and will join
the Board upon his retirement from Merrill Lynch & Co., Inc. in January 2008.
"Jerry Kenney's long and distinguished career at Merrill Lynch has been
characterized by a steadfast commitment to his clients," said Mr. Flanagan.
"Along with his deep financial industry knowledge and experience, Jerry's
skills will prove a strong addition to our Invesco Board."
Mr. Kenney is vice chairman of Merrill Lynch and a member of its
Executive Client Coverage Group. He is responsible for senior client
relationships globally with particular focus on financial institutions in
North America and wealth management. Mr. Kenney is a member of the New York
Society of Security Analysts, the Japan Society, the U.S.-China Business
Council and the Asia Society. He is treasurer and a trustee of the
Nightingale-Bamford School, a trustee of Northwestern University, an advisory
director of the Kellogg School of Management and a director of the American
With the addition of Mr. Kenney, the Board will consist of nine members,
seven of whom will be independent directors.
In other actions relating to the company's move to the New York Stock
Exchange, earlier today the U.K. High Court of Justice gave final approval to
proposals that had been overwhelmingly approved by shareholders on November
14, 2007 to move Invesco's primary listing from the London Stock Exchange to
the New York Stock Exchange and change the company's domicile to Bermuda from
the United Kingdom.
As previously announced, the final approval of these proposals by the
High Court of Justice means that Invesco PLC ordinary shares, American
Depositary Shares and Canadian exchangeable shares will be replaced before the
market opens on December 4, 2007 with Invesco Ltd. shares.
Invesco is a leading independent global investment management company,
dedicated to helping people worldwide build their financial security. By
delivering the combined power of our distinctive worldwide investment
management capabilities, including AIM, Atlantic Trust, Invesco, Perpetual,
PowerShares, Trimark, and WL Ross, Invesco provides a comprehensive array of
enduring investment solutions for retail, institutional and high net worth
clients around the world. Operating in 20 countries, the company is listed on
the New York Stock Exchange under the symbol IVZ. Additional information is
available at http://www.invesco.com.
This release may include statements that constitute "forward-looking
statements" under the United States securities laws. Forward-looking
statements include information concerning possible or assumed future results
of our operations, earnings, liquidity, cash flow and capital expenditures,
industry or market conditions, assets under management, acquisition activities
and the effect of completed acquisitions, debt levels and the ability to
obtain additional financing or make payments on our debt, regulatory
developments, demand for and pricing of our products and other aspects of our
business or general economic conditions. In addition, when used in this
release, words such as "believes," "expects," "anticipates," "intends,"
"plans," "estimates," "projects" and future or conditional verbs such as
"will," "may," "could," "should," and "would" and any other statement that
necessarily depends on future events, are intended to identify forward-looking
Forward-looking statements are not guarantees of performance. They
involve risks, uncertainties and assumptions. Although we make such statements
based on assumptions that we believe to be reasonable, there can be no
assurance that actual results will not differ materially from our
expectations. We caution investors not to rely unduly on any forward-looking
statements. In connection with any forward-looking statements, you should
carefully consider the areas of risk described in our most recent Annual
Report on Form 20-F, and our subsequent Quarterly Report on Form 10-Q, as
filed with the United States Securities and Exchange Commission ("SEC"). You
may obtain these reports from the SEC's Web site at http://www.sec.gov.
For further information:
For further information: Douglas B. Kidd, +1-404-479-2922