AMVESCAP Names Mark Armour To Lead Worldwide Institutional Business

  
    
  
  
    
      AMVESCAP PLC (NYSE:AVZ) (LSE:AVZ) (TSX:AVZ) today announced that Mark 
      Armour has been named senior managing director and head of its Worldwide 
      Institutional business reporting to Martin L. Flanagan, AMVESCAP 
      president and CEO. In this role, Mr. Armour, 53, succeeds John Rogers, 
      AMVESCAP senior managing director, who has announced his resignation 
      from the company and its Board of Directors.
    
    
      “Mark brings tremendous experience to his new 
      role from Australia, where he led a major turnaround of our business in 
      one of the world’s most competitive 
      institutional markets,” said Mr. Flanagan. “With 
      his demonstrated leadership ability, broad experience in the investment 
      management industry and his proven investment expertise, Mark will 
      strengthen our management team as we work to build value for our clients 
      and shareholders.”
    
    
      “I am very excited by the opportunity we have 
      to further expand the distribution of our excellent investment 
      capabilities for the benefit our clients, our shareholders and our 
      people,” said Mr. Armour.
    
    
      Most recently, Mr. Armour served as head of Sales & Service for AMVESCAP’s 
      Worldwide Institutional business. He was appointed chief executive 
      officer of INVESCO Australia in September 2002. Prior to joining 
      INVESCO, Mr. Armour held significant leadership roles in the funds 
      management business, both in Australia and Hong Kong. He previously 
      served as chief investment officer for ANZ Investments and spent almost 
      20 years with the National Mutual/AXA Australia Group, where he was 
      chief executive, Funds Management from 1998 to 2000.
    
    
      AMVESCAP is a leading independent global investment manager, dedicated 
      to helping people worldwide build their financial security. Operating 
      under the AIM, AIM Trimark, Atlantic Trust, INVESCO, Invesco Perpetual, 
      PowerShares and WL Ross & Co. brands, AMVESCAP strives to deliver 
      outstanding products and services through a comprehensive array of 
      enduring investment solutions for our retail, institutional and private 
      wealth management clients around the world. The company is listed on the 
      London, New York and Toronto stock exchanges with the symbol “AVZ.” 
      Additional information is available at www.amvescap.com.
    
    
    
    
      This release may include statements that constitute "forward-looking 
      statements" under the United States securities laws. Forward-looking 
      statements include information concerning possible or assumed future 
      results of our operations, earnings, liquidity, cash flow and capital 
      expenditures, industry or market conditions, assets under management, 
      acquisition activities and the effect of completed acquisitions, debt 
      levels and the ability to obtain additional financing or make payments 
      on our debt, regulatory developments, demand for and pricing of our 
      products and other aspects of our business or general economic 
      conditions. In addition, when used in this report, words such as 
      "believes," "expects," "anticipates," "intends," "plans," "estimates," 
      "projects" and future or conditional verbs such as "will," "may," 
      "could," "should" and "would," or any other statement that necessarily 
      depends on future events, are intended to identify forward-looking 
      statements.
    
    
      Forward-looking statements are not guarantees of performance. They 
      involve risks, uncertainties and assumptions. Although we make such 
      statements based on assumptions that we believe to be reasonable, there 
      can be no assurance that actual results will not differ materially from 
      our expectations. We caution investors not to rely unduly on any 
      forward-looking statements. In connection with any forward-looking 
      statements, you should carefully consider the areas of risk described in 
      our most recent annual report on Form 20-F, as filed with the United 
      States Securities and Exchange Commission (SEC). You may obtain these 
      reports from the SEC Web site at www.sec.gov.