Perpetual has lost a team of senior fund managers and sales executives following the announcement of its plans to merge with Invesco.
Among those leaving are its US fund management team, which will join Schr oders before the end of the tax year.
Managers Trent May and Stacie Cowell will manage the Invesco Perpetual US growth and American smaller companies funds respectively.
Management of Perp etual American growth, which will be rebranded Invesco Perpetual US Core fund in April, has yet to be decided.
Perpetual has also lost head of intermediary and institutional sales John Tierney to Dresdner RCM Global Investors. Tierney, who has been at Perpetual for 10 years, will join Dresdner as head of retail sales and marketing on January 15.
Another member of Per petual's sales team, Kevin Mordick, is leaving to join Alliance Capital.
Invesco chief executive Mike Webb says: “We did not intend to lose these staff and we are sorry to see them go. We would not expect to see any further departures in the short term. We have been putting in further packages to ensure that.”
l Schroders this week recruited Legal & General US fund manager Ian Cooke to bolster its US equities team.