Amalgamated Bank Appoints Invesco as Sub-Adviser for Investment Management Services
Relationship expected to expand opportunities for socially responsible investments
We are pleased to join with Invesco to continue offering our investment management clients the high quality service and wide range of investment options that they have always relied on us for. As a values-based bank, we are particularly excited for the opportunities that this collaboration will provide to our clients, including an even greater variety of values-based and socially responsible investment options.
New York, NY - November 18, 2019 – Amalgamated Bank (NYSE: AMAL) announced today that it has entered into an agreement with Invesco to become a sub-adviser for Amalgamated’s Investment Management business.
As a sub-adviser, Invesco will provide investment management services for Amalgamated Bank across asset classes. Amalgamated’s clients are expected to benefit from the breadth and depth of Invesco’s passive equity, fixed income, and alternative investment capabilities. Amalgamated’s socially responsible investment offerings will expand given Invesco’s leadership in providing ESG and mission focus products.
“At Amalgamated, we know our customers care where their money sleeps at night and offering smart, socially conscious investing options can have a tremendous impact on our customers and our society,” said Amalgamated President and CEO, Keith Mestrich. “We are pleased to join with Invesco to continue offering our investment management clients the high quality service and wide range of investment options that they have always relied on us for. As a values-based bank, we are particularly excited for the opportunities that this collaboration will provide to our clients, including an even greater variety of values-based and socially responsible investment options.”
“Invesco is proud to join forces with Amalgamated to provide industry leading investment strategies to its community of values-based investors,” said John Galateria, Managing Director and Head of North America Institutional, Invesco. “The Invesco Investment Solutions team will help expand the existing platform and deliver strategies that align with Amalgamated’s commitment to socially responsible investing.”
About Amalgamated Bank
For nearly a century, Amalgamated Bank has served as America’s socially responsible bank, supporting forward-thinking organizations, companies, and individuals across the country. Amalgamated has been investing on behalf of its clients since 1973, helping to secure retirement for working people across the country. We are an advocate for those working to make the world more just, compassionate and sustainable. Our extensive experience, financial knowledge and community of like-minded customers offer a unique set of financial tools to customers. Amalgamated is the country’s largest B Corp® bank and a proud member of the Global Alliance for Banking on Values. We don’t just have a mission. We are on a mission: to support those who support others, to invest in progressive and impactful causes and to advocate true financial opportunity for all.
Invesco (Invesco Advisers, Inc.) is an indirect, wholly owned subsidiary of Invesco Ltd. Invesco is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. Our 13 distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities. With offices in 25 countries, Invesco managed $1.18 trillion in assets on behalf of clients worldwide as of September 30, 2019. For more information, visit http://Invesco.com. NYSE: IVZ