INVESCO FUNDS GROUP NAMES CUNNINGHAM PRESIDENT
Denver, CO - May 9, 2001 - Recognized as one of the fastest growing mutual
fund companies in the United States and a premier investment management
company, INVESCO Funds Group will strengthen its ability to plan for and
navigate future growth by promoting Ray Cunningham to President and Chief
Operating Officer. Mr. Cunningham will assume this new role in addition to
his responsibilities as national sales manager for the company.
"I look forward to working with Ray as he plays a key role in managing our
growth and helping us reach our goal of becoming the most valued investment
management partner to our investment advisors and clients," said Mark
Williamson, who will remain Chairman and CEO of INVESCO Funds Group. Mr.
Williamson recently accepted additional responsibilities as CEO of
AMVESCAP's Managed Products Division.
Mr. Cunningham joined INVESCO in 1999 and has been responsible for expanding
the sales force effort and broadening and deepening relationships with
financial advisors in all of the major distribution channels. Previously,
he was a Senior Vice President with GT Global and held similar sales
responsibilities. GT Global was acquired in 1998 by INVESCO's parent
company, AMVESCAP. He is a graduate of Clemson University with a B.S. in
Business and has more than 24 years of experience in the financial services
industry including sales positions with American Capital and Massachusetts
Financial Services.
Denver-based INVESCO Funds Group, a subsidiary of AMVESCAP PLC, has over $37
billion in assets under management (as of 3/31/01), 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 $370 billion in assets under management
as of 3/31/01 and is one of the world's 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 the INVESCO Funds, please call
1-800-525-8085 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.
