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Atlantic Trust Strategically Expands Offices and Further Strengthens Investment Team

^{Published on 2010-12-16 06:55:55 - Market Wire}
 

ATLANTA--([ BUSINESS WIRE ])--Atlantic Trust, the private wealth management division of Invesco Ltd. (NYSE: IVZ), announces that Jeffrey Jacobs has joined the Chicago office as a Managing Director and Director of Business Development. Additionally, in Boston, Sid Nargundkar, CFA, has joined as a Vice President and Equity Analyst for the firma™s Disciplined Equity team, and Chris Flynn has joined as an Associate Vice President and Associate Relationship Manager.

"The Midwest is a region where we have a long history through legacy Stein Roe Investment Counsel and where we have a great opportunity to build our business. We believe Jacobs will help us further strengthen our presence in this growing market."

Jeff Jacobs brings more than 23 years of industry experience to the Chicago office, joining the firm from Bessemer Trust where he was a Principal responsible for cultivating new relationships with wealthy families and their foundations in the Midwest. Before his five year tenure at Bessemer, Jacobs was Managing Director at SEI Investments, Vice President at Sanford Bernstein and Vice President at Fidelity Investments. The addition of Jacobs marks the firma™s third senior business development hire in the past twelve months.

aAdding Jacobs to our Chicago team is part of our firm-wide initiative to invest in key regions for growth,a said Jack Markwalter, Atlantic Trust Chairman and CEO. aThe Midwest is a region where we have a long history through legacy Stein Roe Investment Counsel and where we have a great opportunity to build our business. We believe Jacobs will help us further strengthen our presence in this growing market.a

Sid Nargundkar has more than seven years of industry experience analyzing high-tech companies and trends for firms such as Wells Fargo Securities, Oracle and HP. He earned dual Bachelor of Science degrees with concentrations in electrical engineering/computer science and management science from MIT. The addition of Nargundkar marks the third senior investment professional to join the firm in the past twelve months.

aThe addition of Nargundkar demonstrates our commitment to continually enhance the depth and expertise of our investment team,a said David Donabedian, Atlantic Trust Chief Investment Officer. aWe believe it is important to invest in our proprietary investment platform, such as our Disciplined Equity offering, where we have found success and will continue to add resources.a

Atlantic Trust has a hybrid investment platform that includes proprietary management in the core areas of client portfolios, such as cash management, fixed income and domestic equities, as well as some alternatives. The firm also has a robust Multi-Manager Investment Program that acts as a amanager of managers,a providing clients with access to institutional-quality managers in traditional and alternative asset classes.

Chris Flynn has more than 10 years of industry experience. He joined Atlantic Trust after serving as a Portfolio Manager with State Street Global Advisors and an Investment Analyst with United Asset Management. He is also a member of the Boston Security Analysts Society and the CFA Institute. The addition of Flynn marks the eighth client relationship professional to join the firm in the past twelve months.

With these new hires, Atlantic Trust is bringing talented professionals into its growing markets. The Chicago office is well-positioned to grow, with 11 client service and business development professionals (more than 20 total employees) and more than $2.0 billion in assets under management. Boston is the firma™s largest office, home to 24 client service and business development professionals and 12 investment analysts (more than 60 total employees) and more than $4.5 billion in assets under management. (All statistics are as of November 30, 2010.)

About Atlantic Trust

Atlantic Trust is one of the nationa™s leading private wealth management firms, offering integrated wealth management and investment counseling services for high net worth individuals, families, foundations and endowments. The firm considers clientsa™ financial, trust, estate planning and philanthropic needs in developing customized asset allocation and investment management solutions. Experienced professionals deliver a broad range of offerings, including proprietary investment solutions and a robust open architecture platform of traditional and alternative managers. Atlantic Trust operates in 11 full-service locations throughout the US. With more than $16.6 billion in assets under management (as of November 30, 2010), Atlantic Trust is the private wealth management division of Invesco Ltd. (NYSE: IVZ). For more information, visit [ www.atlantictrust.com ].

About Invesco

Invesco is a leading independent global investment manager, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our retail, institutional and high net worth clients around the world. Operating in 20 countries, the company is listed on the New York Stock Exchange under the symbol IVZ.