April 13, 2011 /PRNewswire/ -- Bruce Crockett, independent chair of the Invesco Funds Board of Trustees, was the recipient of the "Trustee of the Year" award from Fund Directions and Fund Action at the 18th annual Mutual Fund Industry Awards in New York.
Mr. Crockett was recognized for his leadership in the successful integration of four new directors from Van Kampen to the Invesco Funds Board and his role in shepherding the directors through a series of processes as a result of Invesco's acquisition of Morgan Stanley's retail asset management business, including Van Kampen Investments.
During this time, Mr. Crockett supervised the consolidation of funds, which led to economies of scale being recognized for fund shareholders.
"We congratulate Bruce on this significant industry recognition," said Phil Taylor, Senior Managing Director for Invesco Ltd. and Head of Invesco's North American retail business. "Under Bruce's leadership, the Invesco Funds Board has emphasized the value of fiduciary partnership in our ongoing efforts to put investors first and provide fund shareholders with enduring financial solutions and excellent service."
Mr. Crockett has served in his role as independent chair since 2004 and on the Invesco Funds Board and its predecessors since 1978. He also represents the Independent Directors Council on the Investment Company Institute's board of governors.
About the Awards
The Annual Mutual Fund Industry Awards, presented by Fund Directions and Fund Action, recognize the funds, fund leaders, marketers, trustees and independent counsel who stood out for their successes, achievements and contributions in 2010. Winners are chosen based on a number of factors including innovation, market impact, uniqueness of approach, and how well they met other criteria established by the editors for their award category.
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 more than 20 countries, the company is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.
Invesco Advisers, Inc. is an investment adviser; it provides investment advisory services to individual and institutional clients and does not sell securities. Invesco Distributors, Inc. is the U.S. distributor for Invesco Ltd.'s retail mutual funds, exchange-traded funds and institutional money market funds and the subdistributor for its STIC Global Funds. Both are wholly owned, indirect subsidiaries of Invesco Ltd.
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