Giant UK-based investment management company Invesco has been cleared to redomicile in Bermuda by one of the highest courts in Britain.

The compant, which has more than $450 billion of assets under management, will now move its home base from London to the Island.

As part of the shift in location its shares will, as of this morning, begin trading on Wall Street as the primary listing exchange - rather than the London stock exchange.

The switch over was sanctioned by the High Court of Justice (Chancery Division) in London yesterday.

Shareholders agreed last month to the scheme, which involved the change of primary stock exchange listing and the redomiciling of the company.

The court also confirmed the company's plan to reduce its capital with the switch of exchange markets.

Invesco chairman Rex Adams and president and CEO Martin Flanagan were due to ring the opening bell at the New York Stock Exchange today.

Mr Flanagan said: "The move of our primary stock listing from the London Stock Exchange to the New York Stock Exchange marks a major milestone for Invesco that further enhances our visibility in this critical market by providing direct comparability with our peer global investment management firms.

"During 2007 we changed the company's name to Invesco and introduced a new brand identity to share our vision of Invesco as an integrated, global investment management organisation. These important initiatives will assist Invesco as we work to build value for our clients, employees and shareholders."

Jerome Kenney, 66, has been elected a non-executive member of the Invesco Board of Directors and will join the board upon his retirement from Merrill Lynch & Co., in January 2008.

"Jerry Kenney's long and distinguished career at Merrill Lynch has been characterised by a steadfast commitment to his clients," said Mr. Flanagan.

"Along with his deep financial industry knowledge and experience, Jerry's skills will prove a strong addition to our Invesco Board."

Mr. Kenney is vice chairman of Merrill Lynch and a member of its Executive Client Coverage Group.

He is responsible for senior client relationships globally with particular focus on financial institutions in North America and wealth management.

Mr. Kenney is a member of the New York Society of Security Analysts, the Japan Society, the US-China Business Council and the Asia Society.

He is treasurer and a trustee of the Nightingale-Bamford School, a trustee of Northwestern University, an advisory director of the Kellogg School of Management and a director of the American Australian Association.