Invesco Lays Off 26 Execs At Denver Tech Center
October 11, 2004
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.