Invesco to add 500 jobs in Atlanta with global headquarters expansion

Pedro Gonçalves
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Invesco to add 500 jobs in Atlanta with global headquarters expansion

Atlanta-based investment giant Invesco confirmed plans for a $70m expansion in Midtown that will add 500 new jobs, bringing its total headcount in the city to 1,150.

Invesco will anchor the 26-story, 606,000-square-foot office tower, which will be located at the intersection of 17th and Peachtree streets.  The office component of the development is expected to be completed in 2022.

"We're excited by the opportunity to build on our forty-year presence in the city and meaningfully expand our local team to nearly 1,200 professionals, which will enhance our ability to meet client needs here in Atlanta and across the globe," Martin L. Flanagan, president and CEO of Invesco, said in a statement.

We’re excited by the opportunity to build on our forty-year presence in the city and meaningfully expand our local team to nearly 1,200 professionals, which will enhance our ability to meet client needs here in Atlanta and across the globe"

Invesco , the sixth-largest U.S. retail asset manager and 13th-largest investment manager globally, employs more than 650 professionals in Atlanta and has more than 8,000 employees in 25 countries.

"Invesco's steadfast commitment to Atlanta is a great example of the Georgia success story, and I am pleased to be able to share this incredible announcement," Gov. Brian Kemp said. 

"Georgia's unmatched pro-business environment has repeatedly served as a magnet for many global headquarters, but there is no greater endorsement than when one of our own chooses to grow and invest in the Peach State," he added.

In 2018, Invesco reported $5.3bnn in revenue and net income of $882.8m. Earlier this month, Invesco finalized its acquisition of OppenheimerFunds. As part of that deal, OppenheimerFunds' parent company, MassMutual, took a significant stake in Invesco.

The company has doubled its assets under management over the last 12 years.

 

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