Contact Information: Media Contacts: Bill Conboy 303-415-2290
Invesco PowerShares Hires Thomas Centrone as International Product Development Manager
CHICAGO, IL--(Marketwire - May 29, 2008) - Invesco PowerShares Capital Management LLC
announced today that Thomas Centrone has filled a new position of Senior
Vice President, International Product Development Manager.
Mr. Centrone, who comes to Invesco PowerShares with more than 35 years of
experience in the financial services industry, primarily will be
responsible for the coordination and implementation of PowerShares'
exchange-traded funds (ETFs) outside the U.S. As Invesco PowerShares
broadens its depth and breadth of ETFs internationally, Mr. Centrone will
work to develop a thorough understanding of the investment processes used
in the various portfolios.
"We are pleased to bring aboard someone with the extensive background and
experience of Thomas Centrone," said Ben Fulton, executive vice president,
Global Product Development of Invesco PowerShares. "This new position will
serve a vital role in educating our new international clients and potential
shareholders to the benefits of the ETF structure and the intelligently
designed portfolios we intend to bring to market."
Mr. Centrone had served as vice president-new product development and ETF
product manager for The Bank of New York since 1997. In that role he was
responsible for the development of service delivery models for all new ETF
products, including the PowerShares ETFs.
Previously, Mr. Centrone worked as vice president-new product development
at Chase Manhattan Bank from 1995-97. He began his career in 1970 at United
States Trust Company (through 1978) and also served at The Bradford Trust
Company (1978-1985) and again at United States Trust Company (1985-1995).
Invesco PowerShares is leading the intelligent ETF revolution through its
family of more than 100 domestic, international and active exchange-traded
funds. With assets under management as of April 30, 2008 of $13.86 billion,
PowerShares ETFs trade on all of the major U.S. stock exchanges that trade
ETFs. For more information, please visit us at www.invescopowershares.com.
Invesco PowerShares is a part of Invesco Ltd., a leading independent global
investment management company dedicated to helping people worldwide build
their financial security. By delivering the combined power of its
distinctive worldwide investment management capabilities, including AIM,
Atlantic Trust, Invesco, Perpetual, PowerShares, Trimark, and WL Ross,
Invesco provides a comprehensive array of enduring investment solutions for
retail, institutional and high-net-worth clients around the world.
Operating in 20 countries, the company is currently listed on the New York
Stock Exchange under the symbol IVZ. Additional information is available at
www.invesco.com.
Shares are not individually redeemable and owners of the shares may acquire
those shares from the Funds and tender those shares for redemption to the
Funds in Creation Unit aggregations only, typically consisting of 100,000
shares.
Invesco Aim Distributors, Inc. is the distributor of the PowerShares
Exchange-Traded Fund Trust I, the PowerShares Exchange-Traded Fund Trust
II, the PowerShares Actively Managed Exchange-Traded Fund Trust and the
PowerShares India Exchange-Traded Fund Trust.
Invesco PowerShares Capital Management LLC., Invesco Aim Distributors, Inc.
and Invesco Institutional (N.A.), Inc. are indirect, wholly owned
subsidiaries of Invesco Ltd.
An investor should consider the Funds' investment objectives, risks,
charges and expenses carefully before investing. For this and more complete
information about the Funds call 800.983.0903 or visit the website
www.invescopowershares.com for a prospectus. Please read the prospectus
carefully before investing.