Sign up today and take advantage of member-only content — the kind of timely, cutting edge industry insight that only Money Management Executive can deliver.
  • Exclusive Online Only Content
  • Free Daily Email News Alerts
  • Asset Management Blogs

Invesco Lays Off 26 Execs At Denver Tech Center

Amvescap continues to phase out the Invesco brand, as it recently cut 26 jobs, including four fund managers, at the beleaguered fund shop's offices at the Denver Tech Center.

Invesco Health Sciences Fund manager Thomas Wald and Invesco Financial Services Fund head Joseph Skornicka are both out. Additionally, Stacie Cowell and Cameron Cooke, managers of the Invesco Small Company Growth Fund, are also losing their jobs. Of the other 22 laid off, 10 are traders and analysts.

Additionally, the firm announced that 17 U.S. funds bearing the Invesco name will be rebranded as AIM Funds as of Oct. 15.

Meanwhile, Ed Larsen, the chief investment officer of AIM Investments, has taken a voluntary leave of absence to resolve inquiries related to his involvement in the AIM investigation, the company announced last week.