INVESCO ANNOUNCES ORGANIZATIONAL CHANGES

     
BW20030822002006  20030822T081711Z UTC


( BW)(AMVESCAP-PLC)(AVZ) INVESCO ANNOUNCES ORGANIZATIONAL CHANGES

    Business Editors
    UK REGULATORY NEWS

    ATLANTA, GA--(BUSINESS WIRE)--Aug. 21, 2003--

             Harris Named CEO of INVESCO North America
             Ridley to Head INVESCO Alternatives Group
             Cox to Head North American Distribution

John Rogers, chief executive officer of the INVESCO division of
AMVESCAP PLC, today announced several internal organizational changes,
effective today. Hubert L. (Herky) Harris, Jr. becomes chief executive
officer of INVESCO North America, which includes investment product
groups based in Atlanta, Denver, Louisville, and New York. He will
report to John Rogers who previously had that role as well as his
current role.

Additionally, INVESCO Alternatives Group, a new business unit of
INVESCO, will be formed by joining two of INVESCO North America's
current groups, INVESCO Private Capital and INVESCO Realty Advisors.
David Ridley, currently head of INVESCO Realty Advisors, also becomes
CEO of INVESCO Alternatives Group, reporting to John Rogers.

"I'm pleased that Herky Harris is joining the senior management team
at INVESCO. We will all benefit from his managerial skills and the
broad knowledge of AMVESCAP he brings to INVESCO," said John Rogers.
"Under the leadership of David Ridley, the INVESCO Alternatives Group
is poised to bring an enhanced focus on these key global products that
are important to the growth of INVESCO," Rogers added.

Harris remains as chairman of AMVESCAP Retirement while Robert J.
O'Connor, currently president and chief operating officer, becomes
chief executive officer.

Other INVESCO divisions, INVESCO UK, INVESCO Continental Europe, and
INVESCO Asia/Pacific, remain unchanged.

Furthermore, Tony Cox becomes head of INVESCO's North American
distribution business. He will have responsibility for all sales,
marketing and relationship management functions. Cox, currently head
of INVESCO's Financial Institutions Group, replaces Frank Keeler who
has announced his intent to retire from INVESCO at the end of 2003.

"I want to personally thank Frank Keeler for his many years of service
to INVESCO and AMVESCAP," said Rogers. "Tony Cox has the right set of
management skills and industry knowledge to continue our strong
distribution efforts."

With $165.9 billion in assets under management (as of June 30, 2003),
INVESCO manages investment products that span a wide range of asset
classes from fixed income to value, core, and growth equities to
alternative investments such as real estate and private capital.
Products are marketed worldwide to both individual and institutional
clients, are distributed through a variety of channels, and serviced
by professionals based throughout North America, Europe and Asia.

AMVESCAP is a leading independent global investment manager, dedicated
to helping people worldwide build their financial security. Operating
under the AIM, INVESCO, and Atlantic Trust brands, AMVESCAP strives to
deliver outstanding investment performance and service through a
comprehensive array of retail and institutional products for clients
in more than 100 countries. The Company is listed on the London, New
York, Paris, and Toronto stock exchanges with the symbol "AVZ."

For further information, contact:

Douglas Kidd                                Phone:   [phone]
Bill Hensel                                 Phone:   [phone]

   Short Name: Amvescap PLC
   Category Code: BOA
   Sequence Number: 00008805
   Time of Receipt (offset from UTC): 20030822T091308+0100

    --30--sm/uk*

    CONTACT: Amvescap PLC


    KEYWORD: UNITED KINGDOM INTERNATIONAL EUROPE
    INDUSTRY KEYWORD: BANKING HUMAN RESOURCES
    SOURCE: Amvescap PLC

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