AIM Director of Fund Services Caldwell to Retire.Business Editors HOUSTON--(BUSINESS WIRE)--June 22, 2000 A I M Management Group Inc. (AIM) has announced that Jack Caldwell Caldwell, city (1990 pop. 18,400), seat of Canyon co., SW Idaho, on the Boise River; inc. 1890. On the site of an Oregon Trail camping ground, the city is a major processing and distribution center for an agricultural and livestock area. , president of AIM Fund Services (AFS A distributed file system for large, widely dispersed Unix and Windows networks from Transarc Corporation, now part of IBM. It is noted for its ease of administration and expandability and stems from Carnegie-Mellon's Andrew File System. AFS - Andrew File System ), will retire from the mutual fund industry on June June: see month. 30, 2000. AFS is the transfer agent subsidiary of AIM. Upon Caldwell's retirement, senior operations officer Tony Green will assume Caldwell's responsibilities as director of AIM's fund services operations and president of AFS. AIM is an indirect subsidiary of AMVESCAP PLC (NYSE NYSE See: New York Stock Exchange :AVZ), one of the world's largest independent investment services companies. A member of the investment industry since 1964, Caldwell joined AIM in 1992 at a time when expanding and improving AIM's transfer agency capabilities was crucial to the company's continued success. Caldwell's guidance enabled AFS to provide quality service to both customers and brokers, despite a rapidly expanding product line and customer base. With quality service a priority, AFS has received the Mutual Fund Service Award from DALBAR, an independent customer rating service, in three of the last five years. "At a time of tremendous growth, Jack's leadership enabled AIM Fund Services to evolve and adapt to the changing needs of both our external customers and the company itself," said Robert H. Graham, president and chief executive officer of AIM. "We appreciate Jack's fine work and look to continued success under Tony Green." Green joined AIM in March 1997 from INVESCO Service, Inc., where he was responsible for the administrative duties of both the management company and the distributor for the INVESCO Advisor Funds. The INVESCO Advisor Funds joined the AIM Family of Funds Family of Funds A group of mutual funds offered by one investment or fund company. Each mutual fund has different characteristics and can range depending on investment objective. Also referred to as a "Mutual Fund Family" or simply a "Fund Family". as part of the merger of AIM and INVESCO in February 1997. Included in his responsibilities at INVESCO were fund and distributor compliance, transfer agent operations and service, fund accounting, and custodian bank Custodian bank Applies mainly to international equities. Bank or other financial institution that keeps custody of stock certificates and other assets of a mutual fund, individual, or corporate client. See: Depository Trust Company (DTC) relations. A member of the investment industry since 1966, Green is a member of Investment Company Institute's Broker/Dealer Advisory Committee and a member of the Board of Directors for Mutual Fund Processing Corporation, a subsidiary of National Securities Clearing Corporation. AIM was founded in 1976 and ranks as the nation's eighth-largest mutual fund complex, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. independent mutual fund monitor Strategic Insight, with approximately $176 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. and 7.4 million shareholders as of March 31, 2000. AIM is subsidiary of AMVESCAP PLC, one of the world's largest independent investment services companies with $391 billion in assets under management as of March 31, 2000. Note to editors -- We are required to include the following information with our news release: For more complete information about any AIM Fund, including sales charges Sales Charge A commission or fee paid by an investor at the time of purchasing mutual fund shares. The charge is paid to a mutual fund salesperson or financial advisor and is intended to provide compensation for the financial salesperson's efforts in assisting their client select and expenses, please obtain the appropriate prospectus(es) from your financial consultant or by calling 800/347-4246. Please read the prospectus carefully before you invest or send money. |
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