IndusInd International Holdings (IIHL) and Invesco completed the formation of their asset management joint venture, according to a press release on Sunday. IIHL had acquired 60% stake in Invesco Asset Management Co following all the regulatory approvals.

“At IIHL, we are very enthused with this JV with Invesco, to augment our para banking portfolio by including Asset Management, and be a global financial (BFSI) powerhouse by 2030,” Ashok Hinduja, Chairman of IIHL said.

The release also said that there would be no change in Invesco’s focus on investment and client service and the joint venture would operate under the same management led by the Chief Executive Officer of Invesco Asset Management Saurabh Nanavati.

“Together, we aim to strengthen our reach and expand distribution, espe

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