Investment Firm To Bring 500 New Jobs To Atlanta

ATLANTA, GA — Invesco, an Atlanta investment firm, will bring 500 new jobs to the city as it expands its global headquarters, Gov. Brian Kemp announced Thursday. To accommodate the new employees, Invesco also will invest $70 million in moving to a new global headquarters building in Midtown currently under development, the governor's office said.

The new tower will be built within the planned Midtown Union development, at 17th, Spring and West Peachtree streets, which is slated to open in 2022, the Atlanta Journal-Constitution reported.

“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,” Kemp said in a statement.

“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," he said.

Invesco, which employs about 7,000 people, has doubled its assets under management over the last 12 years, the AJc reported. In 2018, the firm reported $5.3 billion in revenue and net income of $882.8 million.

“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 Flanagan, president and CEO of Invesco, in the governor's statement.

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