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COLORADO SPRINGS - Venu Holding Corporation (NYSE American: VENU), a developer of upscale live music venues and premium hospitality destinations, today announced the appointment of Thomas M. Finke to its Board of Directors. Finke, a seasoned financial leader, will take up his new role on Monday, aiming to bolster the company’s strategic growth and capital market activities.
Finke’s extensive career spans over 35 years in the financial services industry, including a significant tenure as Chairman and CEO of Babson Capital, which under his leadership merged with other MassMutual subsidiaries to form Barings, LLC. Under Finke’s guidance, Barings saw its assets under management swell from $271 billion to over $350 billion within four years before his retirement in November 2020.
In addition to his new position at VENU, Finke also serves as a non-executive director for global investment management company Invesco Ltd. (NYSE: IVZ), which manages approximately $1.85 trillion in assets. According to InvestingPro data, Invesco has maintained a strong dividend track record, currently offering a 5.83% yield and having maintained dividend payments for 19 consecutive years. The company trades at a P/E ratio of 11.21 and maintains a GOOD financial health score, despite recent market challenges.
His nonprofit contributions are notable as well, with board memberships at Davidson College, Duke University’s Fuqua School of Business, and the National Math and Science Initiative. Finke holds a BS from the University of Virginia and an MBA from Duke University.
J.W. Roth, Founder, Chairman, and CEO of VENU, expressed confidence in Finke’s ability to contribute to the company’s future, citing his proven track record in financial leadership and strategic execution. Roth emphasized that Finke’s expertise would be invaluable as VENU scales its business.
Finke himself expressed enthusiasm for his role at VENU, noting the company’s unique position at the crossroads of live entertainment and premium hospitality. He looks forward to aiding the company’s growth and leveraging upcoming opportunities.
VENU’s board currently comprises individuals with diverse backgrounds, including J.W. Roth, Heather Atkinson, Mitchell Roth, Steve Cominsky, Matt Craddock, and David Lavine.
Venu Holding Corporation has been recognized by notable publications for its innovative approach to live entertainment. With strategic partnerships and expansions, including new Sunset Amphitheaters in Oklahoma and Texas, the company is poised to continue redefining the entertainment experience.
This announcement is based on a press release statement and includes forward-looking statements subject to various risks and uncertainties. VENU advises not to place undue reliance on these forward-looking statements, which reflect the company’s views only as of the date of the release.For investors seeking deeper insights into Invesco Ltd. and similar companies, InvestingPro offers comprehensive analysis through its Pro Research Reports, covering over 1,400 US stocks. These reports provide detailed financial metrics, Fair Value assessments, and expert analysis to help investors make informed decisions. Additional ProTips and advanced metrics are available for subscribers.
In other recent news, Invesco reported impressive financial results for the first quarter of 2025, surpassing analysts’ expectations. The company’s earnings per share (EPS) came in at $0.44, exceeding the forecast of $0.40, while revenue reached $1.53 billion, surpassing projections by $420 million. This strong performance was highlighted by an 18% increase in adjusted operating income and a notable expansion in operating margins. Invesco’s total assets under management (AUM) rose by 11% year-over-year, reaching $1.84 trillion, supported by net long-term inflows of $17.6 billion.
Additionally, Invesco announced a strategic partnership with MassMutual and Barings, focusing on private market product development and distribution within the U.S. wealth management sector. This collaboration includes a $1 billion repurchase of preferred stock from MassMutual, enhancing Invesco’s balance sheet flexibility. Analysts from firms like Goldman Sachs and Bank of America have shown interest in these developments, discussing the potential for further growth and strategic opportunities.
Furthermore, Invesco’s ongoing efforts to manage expenses and maintain cost stability were emphasized, with the company highlighting its focus on expanding private market capabilities. The partnership with Barings and MassMutual is expected to bring differentiated private credit solutions to the market, with MassMutual committing $650 million in seed and co-investment capital. These recent developments underscore Invesco’s strategic initiatives and financial strength, positioning the company for continued growth in the evolving market landscape.
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