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INVESCO
Invesco Ltd. is an American independent investment management company that is headquartered in Atlanta, Georgia, with additional branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York stock exchange. Invesco operates under the Invesco, Trimark, Invesco Perpetual, WL Ross & Co and Powershares brand names. History Invesco (then officially spelled with all-capital letters: INVESCO) was created in Atlanta in 1978 when Citizens & Southern National Bank divested its money management operations. In 1988, the company was purchased by the British firm Britannia Arrow, based in London, which later took the INVESCO name. In 1997 INVESCO PLC merged with AIM Investments. Upon completion of the merger the company adopted the name Amvescap. In 2007 the company reverted to the Invesco name. Since 2000 Invesco has grown through acquisitions such as the ETF firm PowerShares Capital Management and the restructuring of WL Ross & Co. In 2004, th ...
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Britannia Arrow
Slater Walker was a British industrial conglomerate turned bank that got into financial difficulties in the 1970s. It specialised in corporate raids. Its fall shook the British banking system at the time, and it had to be bailed out by the Bank of England after it was unable to refinance its debt during the secondary banking crisis of 1973–75, forcing its founder Jim Slater to quit. History In 1964, investor Jim Slater acquired control of H Lotery & Co Ltd, a £1.5m public company, which with his business partner Peter Walker - a Conservative MP - they renamed Slater, Walker Securities. The company performed what became known as corporate raids on public, mainly industrial companies. Slater Walker then changed strategy, from a corporate-conglomerate into what eventually was recognised as an unauthorised and unlicensed international investment bank, through gradual disposal of its industrial interests. At its peak, capitalized at over £200 million, the company held deposits to ...
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