Invesco to Expand Atlanta Global HQ with 500 Jobs and $70M Investment

Staff Report From Georgia CEO

Friday, May 31st, 2019

Governor Brian P. Kemp announced that 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.

“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,” said Governor Kemp. “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.”

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.

“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.”

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.

“We are proud that Invesco is a part of our financial services sector and is continuing to invest in metro Atlanta,” said Hala Moddelmog, President and CEO of the Metro Atlanta Chamber. “Many thanks to Invesco for the company’s commitment to our community and their dedication to growing our ecosystem.”

Georgia Department of Economic Development (GDEcD) Regional Project Manager Emily Poole represented the Global Commerce Division in partnership with Invest Atlanta, Metro Atlanta Chamber, and Georgia Power.

“We are thrilled that Invesco will increase their already extraordinary footprint in Atlanta by expanding their global headquarters in Midtown,” said GDEcD Commissioner Pat Wilson. “Our state’s economic development successes are deeply rooted within our existing industry, and this announcement puts a spotlight on just how invaluable they are in terms of job creation.”