Invesco to Cut Compensation Costs With US$200M Savings Plan
Invesco Ltd. plans to curtail spending on employee compensation as the asset manager aims to save US$200 million annually by the end of 2022. As much as 60 per cent of the expected savings will come from compensation, executives said Tuesday on a conference call to discuss third-quarter results. About US$150 million of the expense reductions will occur by the end of next year...
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