INVESCO FUNDS GROUP NAMES NATIONAL SALES MANAGER
Denver, CO September 19, 2001 INVESCO Funds Group today announced the promotion of Tom Kolbe to Senior Vice President and National Sales Manager. Mr. Kolbe will have the functional responsibility for directing all of INVESCOžs sales and business development activities, in addition to his current responsibilities as manager of institutional sales. "Tomžs promotion is both a recognition of his accomplishments and his ability to contribute to the growth of our company in all types of markets," said Ray Cunningham, President and Chief Operating Officer of INVESCO Funds Group.Since joining the firm in 1999, Mr. Kolbe has focused on constructing and managing the firmžs institutional sales efforts; since which time INVESCO has established more than 30 relationships with major insurance partners across the country. As National Sales Manager, Mr. Kolbe replaces Mr. Cunningham, who was promoted to President and Chief Operating Officer in May of this year.
Mr. Kolbe brings more than 20 years of wholesaling and business development activities to his new challenge, the last 10 years being in the financial industry. Prior to joining INVESCO, Mr. Kolbe spent five years with Protective Life Insurance Company in Birmingham, Alabama. His additional experience as a small business owner has given him the perspective of selling, as well as the logistical skills involved in running a complete organization from a profitability standpoint. Mr. Kolbe graduated from the State University of New York with a Masters degree in Psychology, and received a B.A. in Psychology from Ohio University.
Denver-based INVESCO Funds Group, a subsidiary of AMVESCAP PLC, has over $41 billion in assets under management (as of 6/30/01), and is one of the premier mutual fund management companies in the United States. It provides a wide and innovative range of investment products and services to individuals and institutions. AMVESCAP has over $408 billion in assets under management (as of 6/30/01) and is one of the worldžs largest individual investment managers, operating under the AIM and INVESCO brand names. The Company is listed on the London, New York, Paris, Toronto and Frankfurt Stock Exchanges with the symbol "AVZ."
Editors Note: We are required to include the following information with our news release. For more information on INVESCO Funds, please call 1-800-255-6927 for a prospectus containing more complete information including management fees and expenses. Please read it carefully before you invest or send money. INVESCO Distributors Inc., Distributor.
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