INVESCO FUNDS GROUP NAMES CUNNINGHAM PRESIDENT
Denver, CO - May 9, 2001 - Recognized as one of the fastest growing mutualfund companies in the United States and a premier investment managementcompany, INVESCO Funds Group will strengthen its ability to plan for andnavigate future growth by promoting Ray Cunningham to President and ChiefOperating Officer. Mr. Cunningham will assume this new role in addition tohis responsibilities as national sales manager for the company. "I look forward to working with Ray as he plays a key role in managing ourgrowth and helping us reach our goal of becoming the most valued investmentmanagement partner to our investment advisors and clients," said MarkWilliamson, who will remain Chairman and CEO of INVESCO Funds Group. Mr.Williamson recently accepted additional responsibilities as CEO ofAMVESCAP's Managed Products Division.
Mr. Cunningham joined INVESCO in 1999 and has been responsible for expandingthe sales force effort and broadening and deepening relationships withfinancial advisors in all of the major distribution channels. Previously,he was a Senior Vice President with GT Global and held similar salesresponsibilities. GT Global was acquired in 1998 by INVESCO's parentcompany, AMVESCAP. He is a graduate of Clemson University with a B.S. inBusiness and has more than 24 years of experience in the financial servicesindustry including sales positions with American Capital and MassachusettsFinancial Services.
Denver-based INVESCO Funds Group, a subsidiary of AMVESCAP PLC, has over $37billion in assets under management (as of 3/31/01), and is one of thepremier mutual fund management companies in the United States. It provides awide and innovative range of investment products and services to individualsand institutions. AMVESCAP has over $370 billion in assets under managementas of 3/31/01 and is one of the world's largest individual investmentmanagers, operating under the AIM and INVESCO brand names. The Company islisted on the London, New York, Paris, Toronto and Frankfurt Stock Exchangeswith the symbol "AVZ."
Editors Note: We are required to include the following information with ournews release. For more information on the INVESCO Funds, please call1-800-525-8085 for a prospectus containing more complete informationincluding management fees and expenses. Please read it carefully before youinvest or send money. INVESCO Distributors Inc., Distributor.
