From the May 2010 issue of Research Magazine • Subscribe!

May 1, 2010

Invesco Aim Gives Update on Van Kampen Purchase

The combined asset-management group will include some 120 sales professionals and 375 total sales and distribution professionals.

As Invesco Aim moves toward the planned second-quarter close of its purchase of Morgan Stanley's asset-management business, including Van Kampen, the company has developed a strategy to combine the two organizations into a single sales structure.

As part of this work, Invesco says it will have among the largest retirement/insurance and combined sales forces (including Invesco PowerShares) in the industry -- some 120 sales professionals and 375 total sales and distribution professionals.

"We're very excited about the opportunities ahead of us and our collective ability to leverage the exceptional talent of our combined organization for the benefit of our clients," said John Cooper, head of U.S. sales for Invesco, in a prepared statement.
Reprints Discuss this story
This is where the comments go.