Marty Flanagan is doubling down on Georgia, even as he makes big cuts in the wake of the OppenheimerFunds acquisition.

Martin L. Flanagan Invesco President and CEO

Yesterday Georgia governor Brian Kemp confirmed that Flanagan's Invesco [profile] will expand its Atlanta presence, investing $70 million and adding 500 jobs. That would boost Invesco's presence in the city to more than 1,150 people. (The firm has more than 8,000 worldwide.)

Invesco has had an Atlanta presence for 41 years, and its headquarters moved to Atlanta in 2007.

Flanagan, president and CEO of Invesco, also confirmed that his shop is one of the firm's developing property at 17th Street and Peachtree, a few blocks away from Invesco's current HQ. Invesco's new HQ, being developed by MetLife Investment Management and Granite Properties, is expected to be completed in August of 2022. 

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