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Langridge leaves Invesco Perpetual

Invesco Perpetual fund manager Kathryn Langridge has left the firm to join investment house Lloyd George as chief investment officer.

Langridge, who was the head of international equity products at the firm, ran a trio of vehicles including the £1.5bn international equity fund.

Invesco Perpetual chief executive officer Bob Yerbury is to take over the funds, which also include the £271m global smaller companies and the £57m emerging countries portfolios.

Yerbury had previously ran the £1.5bn international equity fund before it passed to Langridge back in 2004.

Dean Newman, who manages the Invesco Perpetual Latin American fund, will take over Landridge’s role as head of international equity products at the firm, while Stuart Parks, who is head of Asian equities and manager of the Invesco Perpetual Asian and Pacific funds, will assume Langridge’s Asian mandate responsibilities across the portfolios.

BestInvest fund analyst Rob Harley says: “It’s a loss for Invesco Perpetual but fortunately for them they have the previous manager of the international equity fund ready to step in and make the asset allocation calls.”

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