On the heels of laying off 5% of its workforce, Amvescap PLC has reorganized its subsidiaries, AIM and Invesco. Mark H. Williamson will be the CEO of AIM and John D. Rogers will be CEO of Invesco. The Managed Products, Institutional, and Global divisions will be dissolved and the Invesco Retirement division will be renamed Amvescap.
The AIM division will include the domestic AIM Funds as well as Canadian-based AIMTrimark. Bob Graham, vice chairman of Amvescap, will also serve as chairman of the AIM division.