INVESCO's Steps up Pension Efforts in Europe; Appoints

19.05.1999, 07:48

Rino Schena as European Head Atlanta (PROTEXT) - INVESCO Retirement and Benefit Services(IRBS) is stepping up its efforts to win a greater share of theEuropean Defined Contribution pensions market. The independent global fund management group has appointedRino Schena, currently responsible for INVESCO's joint-stockcompany in Poland, as Manager of Defined Contribution MarketDevelopment -- Europe. Mr. Schena will be responsible for developing INVESCO'sdefined contribution business in France, Germany, Spain, Italy,and Switzerland. "We are extremely excited about the opportunities in theEuropean defined contribution market," stated Hubert L. Harris,CEO of IRBS, Inc. "We feel Mr. Schena's unique experience andabilities will be invaluable in helping us identify theappropriate opportunities throughout Europe, where we expect tobe able to build a substantial business over the next few years." Notes: Mr. Schena was most recently project manager for thesuccessful organization of a joint-stock company formed betweenINVESCO and the Polish Conference of Bishops. This company --ARKA-INVESCO -- located in Warsaw, Poland, will provide analternative means of retirement support in response to Poland'schanging 'pay as you go' social security system. Mr. Schena was previously employed by Credit Suisse. He is agraduate of the Swiss Banking and Commercial School located inBern, Switzerland, and holds an M.B.A. from Emory University. Mr.Schena is fluent in English, German and Italian and has anexcellent working knowledge of Spanish and French. INVESCO Retirement and Benefit Services, Inc. (IRBS) IRBS is a subsidiary of AMVESCAP PLC (NYSE: AVZ), one of theworld's leading independent investment management groups, withmore than $280 billion in assets under management. AMVESCAPoperates under the AIM and INVESCO brand names. AMVESCAP islisted on the London, New York and Paris Stock Exchanges. In bothLondon and New York Stock Exchanges, it is listed with the symbol"AVZ". ots Original Text Service: INVESCO Retirement and BenefitServices, Inc. Internet: http://www.newsaktuell.de Contact:Leslie Hatcher of INVESCO Tel.: (in the USA) 404-898-1926 or 800-538-6370, or lhatcher@irps.atl.invesco.com

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