Invesco deal to have minimal impact on MSIM in Asia

Morgan Stanley Investment Management's Asian business is unlikely to be significantly affected following the takeover by Invesco announced yesterday, says Blair Pickerell, Asia head of MSIM. Atlanta-based Invesco will buy Morgan Stanley's retail asset management business, including Van Kampen Investments, for $1.5 billion. Invesco will pay for the deal with both cash and stock, leaving Morgan Stanley with a 9.4% Invesco stake. Invesco will gain a global book of $119 billion of asset…