INVESCO has formed INVESCO Individual Services Group, which includes services the firm provides to defined contribution plans. The division also includes INVESCO Funds Group, the company's no-load mutual fund company; INVESCO Services, which distributes load mutual funds; and various wrap fee programs managed by INVESCO Capital Management. The group will be headed by Hubert L. Harris, who was named chief executive officer of the division.
The firm is expanding its sales force and coordinating marketing programs among the groups. It hopes to improve the way products are administered and distributed to individual investors, through any of the channels.
