Invesco expands MENA business with distribution agreement with Citibank in Egypt

Invesco Asset Management Limited, part of Invesco Ltd one of the largest independent investment management organizations, today announced that it has signed a distribution agreement with Citibank in Egypt.

United Arab Emirates: Monday, March 03 - 2008 at 12:37
PRESS RELEASE

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Nick Savastano.

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Invesco has been present in Dubai for three years and already distributes its products throughout the UAE.

All Invesco's off-shore funds will now be available to Citibank customers in Egypt.

Nick Savastano, Associate Director, Invesco Dubai, said:

'In line with our key account strategy across the MENA region, we are excited by the opportunity of working with Citibank especially in such a large developing market like Egypt. We believe that working with our key partners in such markets, offers great synergy, both in terms of distribution and product offering. Invesco's entire off-shore fund range will now be available to Citibank customers in Egypt.

He adds, 'At times of market volatility, mutual funds offer investors access to professional investment strategies in numerous markets and across various asset classes.'

Invesco opened its office in Dubai in September 2005 and has a license from the Dubai Financial Services Authority to operate from the Dubai International Financial Centre as an authorised firm.

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Invesco is part of Invesco Ltd, one of the largest independent investment management organizations. Invesco Ltd is dedicated to helping people worldwide build their financial security. Operating principally through the AIM, AIM Trimark, Atlantic Trust, Invesco, Invesco Perpetual, PowerShares and WL Ross & Co. brands, Invesco Ltd strives to deliver outstanding performance and service across a comprehensive range of investment products for individuals and institutions around the world.

For more information please contact:

John Hobday, FD
+ 971 (0) 50 464 8706
or
Manash Bhuyan, FD
+ 971 (0) 50 841 9631

Posted by Eman Hassan
Monday, March 03 - 2008 at 12:37 UAE local time (GMT+4)

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