Invesco PowerShares Hires Thomas Centrone as International Product Development Manager
May 29 2008 - 6:59PM
Marketwired
CHICAGO, IL outside the U.S. As Invesco PowerShares broadens its
depth and breadth of ETFs internationally, Mr. Centrone will work
to develop a thorough understanding of the investment processes
used in the various portfolios.
"We are pleased to bring aboard someone with the extensive
background and experience of Thomas Centrone," said Ben Fulton,
executive vice president, Global Product Development of Invesco
PowerShares. "This new position will serve a vital role in
educating our new international clients and potential shareholders
to the benefits of the ETF structure and the intelligently designed
portfolios we intend to bring to market."
Mr. Centrone had served as vice president-new product
development and ETF product manager for The Bank of New York since
1997. In that role he was responsible for the development of
service delivery models for all new ETF products, including the
PowerShares ETFs.
Previously, Mr. Centrone worked as vice president-new product
development at Chase Manhattan Bank from 1995-97. He began his
career in 1970 at United States Trust Company (through 1978) and
also served at The Bradford Trust Company (1978-1985) and again at
United States Trust Company (1985-1995).
Invesco PowerShares is leading the intelligent ETF revolution
through its family of more than 100 domestic, international and
active exchange-traded funds. With assets under management as of
April 30, 2008 of $13.86 billion, PowerShares ETFs trade on all of
the major U.S. stock exchanges that trade ETFs. For more
information, please visit us at www.invescopowershares.com.
Invesco PowerShares is a part of Invesco Ltd., a leading
independent global investment management company dedicated to
helping people worldwide build their financial security. By
delivering the combined power of its distinctive worldwide
investment management capabilities, including AIM, Atlantic Trust,
Invesco, Perpetual, PowerShares, Trimark, and WL Ross, Invesco
provides a comprehensive array of enduring investment solutions for
retail, institutional and high-net-worth clients around the world.
Operating in 20 countries, the company is currently listed on the
New York Stock Exchange under the symbol IVZ. Additional
information is available at www.invesco.com.
Shares are not individually redeemable and owners of the shares
may acquire those shares from the Funds and tender those shares for
redemption to the Funds in Creation Unit aggregations only,
typically consisting of 100,000 shares.
Invesco Aim Distributors, Inc. is the distributor of the
PowerShares Exchange-Traded Fund Trust I, the PowerShares
Exchange-Traded Fund Trust II, the PowerShares Actively Managed
Exchange-Traded Fund Trust and the PowerShares India
Exchange-Traded Fund Trust.
Invesco PowerShares Capital Management LLC., Invesco Aim
Distributors, Inc. and Invesco Institutional (N.A.), Inc. are
indirect, wholly owned subsidiaries of Invesco Ltd.
An investor should consider the Funds' investment objectives,
risks, charges and expenses carefully before investing. For this
and more complete information about the Funds call 800.983.0903 or
visit the website www.invescopowershares.com for a prospectus.
Please read the prospectus carefully before investing.
Media Contacts: Bill Conboy 303-415-2290 Email Contact
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