Invesco, one of the world’s leading investment managers, plans to significantly expand its global headquarters in Atlanta, adding 500 jobs and investing $70 million as part of a major expansion of its business.
“I would like to thank Invesco for its commitment to the City of Atlanta and am pleased to see another global company expanding here,” said Atlanta Mayor Keisha Lance Bottoms. “This expansion is a testament to the role public-private partnerships play in creating new jobs and economic opportunity for Atlanta residents.”
Invesco’s presence in Atlanta dates back more than forty years to 1978, when its assets under management totaled $400 million. Drawn by the strong supply of talent, world-class airport, and outstanding quality of life in the city, Invesco moved its global headquarters to Atlanta in 2007.
“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,” said Martin L. Flanagan, President and CEO of Invesco. “We’re also pleased to join MetLife Investment Management & Granite Properties in the development of one of Atlanta’s premier locations at the corner of 17th Street and West Peachtree Street. To further strengthen our global operating platform, we will make a significant, $70 million investment in our business here for the benefit of our clients, employees, and shareholders, while continuing to play an active role in our community.”
Today Invesco is entrusted with managing $1.2 trillion in assets on behalf of clients worldwide. It is the sixth-largest U.S. retail asset manager and the thirteenth-largest investment manager globally. Invesco employs more than 650 professionals in Atlanta and has more than 8,000 employees in twenty-five countries focused on delivering a comprehensive range of active, passive, and alternative capabilities to help clients around the world meet their investment objectives.
To accommodate the additional employees and further strengthen its presence in Atlanta, Invesco will move to a new global headquarters building in Midtown Union currently under development by MetLife Investment Management & Granite Properties and scheduled for completion in August 2022.
Invest Atlanta worked in partnership with the Georgia Department of Economic Development (GDEcD), Metro Atlanta Chamber, and Georgia Power.