AMVESCAP Purchases Whitehall Asset Management, Inc.; Private Wealth Manager To Integrate Into Atlantic Trust.Business Editors LONDON--(BUSINESS WIRE)--Oct. 29, 2002 AMVESCAP PLC announced today that it has agreed to acquire private wealth manager Whitehall Asset Management, Inc. and certain affiliates from The Industrial Bank of Japan Trust Company. Whitehall has approximately $1.5 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. . With offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Whitehall traces its roots back to 1923 when it was first formed as part of J. Henry Schroder Bank & Trust Company. Its operations will be integrated with those of Atlantic Trust Private Wealth Management, the Private Wealth Management division of AMVESCAP. "This is consistent with our stated growth plans of making strategic acquisitions combined with organic growth," said Donald J. Herrema, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Atlantic Trust Private Wealth Management. "We welcome the clients and professional staff of Whitehall Asset Management, Inc to Atlantic Trust." "I can't think of a better home for this firm than the AMVESCAP Group - a firm solely committed to investment management," said Marc Keller Marc Keller (born 14 January 1968 in Colmar [1]) is a retired French football player, who played primarily as a midfielder. In his club career he played in France, Germany and England. For the national side he played six times, scoring one goal against Brazil. , President, Whitehall Asset Management, Inc. "It's important to our clients and my colleagues to be associated with a leading asset management company." Whitehall Asset Management, Inc., acquired by The Industrial Bank of Japan, Limited (now Mizuho Corporate Bank) in 1986, is also comprised of what previously were Delphi Asset Management, L.P. (acquired in 1998) and Campbell Advisors, Inc. (acquired in 1999). Whitehall Asset Management, Inc is also the advisor to The Whitehall Funds with assets of $230 million. De Guardiola Advisors acted as financial advisor to AMVESCAP in this transaction. Cambridge International Partners, Inc. acted as the financial advisor to The Industrial Bank of Japan Trust Company. About Atlantic Trust Private Wealth Management Atlantic Trust Private Wealth Management, a division of AMVESCAP, is a leading investment services firm that provides comprehensive asset management and financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to private clients around the world. With $8.2 billion in assets under management (as of September 30, 2002), Atlantic Trust Private Wealth Management manages wealth for individuals and families, and provides asset management services to foundations and endowments. In 2001, Boston-based wealth management firm Pell Rudman was acquired to serve as the foundation of the North American operations North American operation Surgical oncology Radical surgery of a 'frozen pelvis', consisting of radical en bloc resection of the uterus and urinary bladder. See 'Frozen pelvis.'. Cf 'All-American' and 'South American' operations. , Atlantic Trust Pell Rudman. INVESCO's Private Portfolio Management Limited joined the division in 2002 as the foundation of Atlantic Trust's European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. operations under the name Atlantic Wealth Management Limited. Atlantic Trust Private Wealth Management services include investment management, asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. , trust services, custody and family office solutions. Atlantic Trust Private Wealth Management has offices in Boston, New York Boston is a town in Erie County, New York, United States. The population was 7,897 at the 2000 census. The town is named after Boston, Massachusetts. The Town of Boston is an interior town of the county and one of the county's "Southtowns. , Washington, D.C., Winston-Salem, Baltimore, Wilmington, Denver, Atlanta, Palm Beach, London, and Jersey. For more information, please visit http://www.atlantictrustco.com/. About AMVESCAP 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 products for individual and institutional clients in more than 100 countries. The company is listed on the London, New York, Paris, and Toronto stock exchanges Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. with the symbol AVZ. For more information, please visit http://www.amvescap.com. |
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