LONDON Amvescap PLC, the large publicly traded fund manager, announced Friday that its vice chairman, Charles T. Bauer, will retire at the end of the year.
A successor to Mr. Bauer, 81, has not been named, an Amvescap spokeswoman said.
Amvescap was formed in February 1997 when Aim Management Group Inc., a Houston fund manager co-founded by Mr. Bauer, was bought by Londons Invesco PLC. Mr. Bauer was chairman of Aim Management until this June.
A housing bill that already passed the Senate cleared the House Monday evening, but included bipartisan community banking provisions that have already raised objections in the upper chamber.
Fifteen banks have failed since November 2019, with the most recent one occurring on Jan. 30.
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The activist investor HoldCo Asset Management said Monday that it doesn't plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks' M&A strategies.
