TITLE

Flanagan's hiring keeps AMVESCAP suitors at bay

AUTHOR(S)
Appell, Douglas
PUB. DATE
July 2005
SOURCE
Pensions & Investments;7/25/2005, Vol. 33 Issue 15, p4
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article reports that AMVESCAP PLC's coup appointing snaring Martin L. Flanagan as its next president and CEO should fend off competitors eyeing some or all of the money manager. Now, industry watchers wonder what Flanagan will do with the breathing room. The London-based firm announced on July 14 that it had lured Flanagan from his job as president and co-CEO of Franklin Resources Inc. to succeed Charles Brady. Industry watchers are impressed that AMVESCAP, the sprawling product of numerous mergers and acquisitions, had managed to land Flanagan, a respected veteran credited with boosting profit margins and organizational cohesiveness at Franklin.
ACCESSION #
17810424

 

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