Fragmented culture and focus, identity crisis - Avis employé Employé (anonyme) Invesco

Fragmented businesses, too many similar products that aren’t differentiated especially on the active side, risk and control structure that emphasizes jurisdictions where asset growth and performance is weak and the rest of the company has to pay the price, no sense of itself resulting from legacy acquisitions (Oppenheimerfunds, Guggenheim, MS/Van Kampen, AIM)