Invesco Ltd. is downsizing its operations in Canada amid renewed volatility in global financial markets. Find out more.
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The Atlanta-based asset management giant is eliminating about 40 jobs from departments including sales to institutional clients, said the people who asked not to be name because the matter is private.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
Invesco’s total assets under management for February fell by 1.7 per cent to US$1.458 trillion versus January, amid unfavourable market returns, it said in March 9 statement. The asset management industry has faced pressure to adapt as investors migrated from actively managed products, generating higher fees, to lower-cost alternatives tied to indexes. That has forced many firms to grow in private markets as well as hunt for deals, hoping combinations would help them build scale and keep operating expenses down.
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