Atlanta-based investment giant Invesco is set to announce a $70 million expansion that will add 500 new jobs.
Gov. Brian Kemp’s office is expected to release the details Thursday morning, his aides told The Atlanta Journal-Constitution.
It’s not immediately clear if the company, which manages more than $1 trillion in assets, is considering moving its entire headquarters to a new building or opening a separate satellite office.
Invesco, which employs roughly 7,000 people, traces its roots to the investment management division of storied Atlanta bank Citizens & Southern. Through a series of mergers and acquisitions, the company’s base has shifted from Atlanta to London and back.
The company has doubled its assets under management over the last 12 years.
In 2018, Invesco reported