Charles W. Brady, the founder and former chairman and CEO of Invesco, died on Dec. 7 in Atlanta, company spokeswoman Jeaneen Terrio confirmed. He was 84.
"Charlie was a pioneer in the world of asset management, and an excellent leader," Invesco President and CEO Marty Flanagan said in a news release. "He was driven to make Invesco a global firm and never wavered from that goal. Invesco would not be where it is today without Charlie's vision, business acumen, and commitment to his firm and its people."
Born in Atlanta in 1935, Mr. Brady graduated from the Georgia Institute of Technology with a degree in industrial development in 1959. His first job out of college was working for a stock broker in his first job out of college. He then took an investment management job at the Atlanta-based Citizens & Southern Bank.
In 1978, Mr. Brady, along with other C&S investment management professionals, spun off the investment division to create Invesco. The company opened with $400 million under management from clients mainly outside the southeastern U.S.
Charles Brady was chairman emeritus of the current Invesco corporation since May 2006.
"I've always enjoyed the business and it's been an exciting industry," Mr. Brady once said. "You're always in touch with everything in the world. We've always known exactly what we wanted and we stayed narrow, focused."