AMVESCAP, one of the world’s largest independent investment management companies, which operates as AIM Trimark in Canada, has selected Charlottetown, Prince Edward Island, as a location for a Global Enterprise Centre, leading to the employment of 300 people.
“Our government has identified Financial Services as a priority sector for incoming business investment,” said Premier Pat Binns. “We are diligently working to attract high-level financial service companies. AMVESCAP is a strong addition to our business community and will provide excellent employment opportunities for our post-secondary graduates.”
The company intends to begin hiring immediately for the Centre, as it begins working towards its goal of 300 staff. AMVESCAP will set up a temporary office in the Atlantic Technology Centre before locating to a permanent facility. The initial positions will focus on the client servicing needs for their retail businesses around the globe.
“We are excited about establishing an enterprise centre in Charlottetown. Client servicing in our businesses is a high priority, so this is not a decision we took lightly. We believe the community offers an abundance of talent, and we are looking forward to building a team that helps us meet the needs of our clients,” said Phil Taylor, Senior Managing Director, AMVESCAP.
“The fact that they have chosen to locate an enterprise centre in Prince Edward Island is a testament to the competitive entrepreneurial environment we have developed here in the Province,” said Mike Currie, Minister of Development and Technology.
With over $440.6 billion in assets under management, AMVESCAP operates in 19 countries worldwide with over 5,500 employees. AIM Trimark, a subsidiary of UK-based AMVESCAP PLC, is one of Canada’s largest investment management companies, providing support for advisors to help their clients build and protect wealth.”
AMVESCAP will be eligible for the Province’s Innovation and Development Tax Credit program which will support the company’s long-term presence on PEI.