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Funds News

Invesco in talks to merge with State Street's asset-management business - WSJ

Sept 16 (Reuters) - Investment management firm Invesco Ltd is in talks to merge with State Street Corp's asset-management business, the Wall Street Journal reported here on Thursday, citing people familiar with the matter.

State Street’s asset-management unit manages nearly $4 trillion in assets, as of June 30.

Invesco declined to comment, while State Street did not immediately respond to a Reuters request for comment. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Anil D’Silva)

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