Wealth Manager - Essential news for investment professionals

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Mustoe steps in as Invesco Perpetual loses global equity income duo

Mustoe steps in as Invesco Perpetual loses global equity income duo

Nick Mustoe, chief investment officer at Invesco Perpetual, is taking on the management of the firm’s Global Equity Income fund following the departure of Paul Boyne and Doug McGraw.

Invesco said the changes take place with immediate effect on Boyne and McGraw’s decision to leave for another company based in North America.

In running the fund, Mustoe will keep in place the same investment strategy and will be supported by the Global Equity Group.

The firm said a new manager for the fund will be appointed in the New Year.

Mustoe said in a statement: ‘We are committed to our global equity income franchise in which we have invested significant resource over the last four years and we look forward to building on these foundations in 2013 and beyond.’

Only earlier this week the firm revealed a manager reshuffle, designed to focus more on its global equity arm.

As part of this move, Stephen Anness is taking over the firm’s £53 million Global Opportunities fund from the start of next year, passing over the management of his UK Aggressive fund to Martin Walker.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Paul Boyne
Paul Boyne
111/181 in Equity - Global Equities (Performance over 3 years) Average Total Return: 37.13%
Doug McGraw
Doug McGraw
188/271 in Equity - Global Equities (Performance over 3 months) Average Total Return: 1.34%
Stephen Anness
Stephen Anness
208/246 in Equity - Global Equities (Performance over 1 year) Average Total Return: 6.67%
Citywire TV
Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Play Tesco, Japan and the rise of the central banker

Tesco, Japan and the rise of the central banker

 Libby Ashby and leading wealth managers scrutinise the food retail sector, Japan’s consumption tax hike and political risk in the markets.

Your Business: Cover Star Club

Veteran banker boosts Sanlam’s stockbroking team

Veteran banker boosts Sanlam’s stockbroking team

A veteran private banker has been recruited by Sanlam Private Investments to strengthen its advisory stockbroking team.

Wealth Manager on Twitter