Invesco bolsters UK equities team with hires and promotion

Invesco Perpetual has moved to bolster its UK equities team with hires and a promotion after members the team left the group last year.

The Henley-based group has hired John Richards as UK equities product director while Hilary Cook, who has been with the company since 2011, will also take on this title.

The changes comes after members of the UK equities team, including UK equity product directors William Deer and Mitchell Fraser-Jones, left the group in November last year in the wake of the announcement by star manager Neil Woodford that he would be leaving the group in April to set up his own firm.

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Nick Mustoe, chief investment officer, said the new appointments “reflect the fact that as a business we not only develop and nurture exceptional talent from within the business but continue to attract what we believe to be the best from outside”.

Elsewhere, the group has hired Frederick Bouverat as a UK equities investment analyst from Numis Securities.