Atlantic Trust, the private wealth management division of Invesco, has combined its two New York offices into a central location at 1177 Avenue of the Americas.
The move aims to bring together two experienced management teams to better serve affluent clients.
"I’m very pleased to see two of our firm’s leading teams come together in our new, beautiful office space under the ongoing, excellent leadership of president and chief operating officer Eric Propper and managing director Marc Keller," says Jack Markwalter, chairman and chief executive of Atlantic Trust.
"We see New York as one of the most important high-net-worth markets globally. This strategic move is part of our successful, ongoing efforts to expand our business and become the premier, ‘go-to’ wealth management firm."
Propper and Keller, each of whom has more than 30 years of industry experience, have led Atlantic Trust’s momentum in New York in recent years with 15 per cent growth in assets under management since January 2009.
Propper joined Atlantic Trust from J. Bush after spending ten years with Shearson Lehman Brothers and E.F. Hutton.
Keller joined Atlantic Trust after serving as president and chief investment officer for Whitehall Asset Management and as founder of Delphi Asset Management.
"Moving to a centralised office gives Atlantic Trust greater critical mass and better positions us to continue to grow our presence in New York and the surrounding areas," Propper says. "We will build on our strong foundation of success to take our business forward."
