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View the article online at http://citywire.co.uk/wealth-manager/article/a739458

Tuite Dalton quits Oriel for Invesco Perpetual

by Eleanor Lawrie on Mar 10, 2014 at 10:27

Tuite Dalton quits Oriel for Invesco Perpetual

Tom Tuite Dalton is to join Invesco Perpetual as product manager after more than two decades as an investment trust analyst.

In his new capacity Tuite Dalton will be supporting Mark Barnett (pictured) and the rest of his UK equity team along with other managers in a marketing and investment writing role. He officially leaves Oriel Securities on 14 April after five-and-a-half years with the firm.

Tuite Dalton is confident Barnett has the ability to succeed Neil Woodford on the firm's equity income range.  

'As long-term readers of my research will know, I have been positively recommending Perpetual Income & Growth investment trust since the late nineties when Mark Barnett became its manager,' Tuite Dalton told Wealth Manager

'I have every confidence that Mark is well placed to assume his new role and that Neil Woodford's old funds remain in good, albeit younger, hands. At just 43, but with over twenty years' experience and already with superb performance record, Mark's best years may yet be still ahead of him.'

On 6th March, Barnett was officially confirmed as Woodford's successor on the Invesco Perpetual Income funds. He also took over as manager of the £1.1 billion Edinburgh Investment trust on 28 January.

Prior to Oriel Securities, Tuite Dalton had spells as an analyst at a range of firms, including Arbuthnot Securities and Old Mutual Securities.

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