Invesco Perpetual has continued its policy of promoting from within by making Nicholas Mason co-manager alongside Dean Newman on its £174m Latin American fund.
Mr Mason (pictured, right) will take on the new role at the beginning of July having worked with Mr Newman (pictured, left), the firm's head of emerging market equities, for the past 10 years.
He joined Invesco Perpetual in 2006 and took on fund management responsibilities two years later. In 2013 he was appointed to run the firm's £40m Emerging European equity strategy along with two Invesco funds investing in various emerging market equities.
Mr Newman, who has been running the Latin American fund since 1994, said the promotion of Mr Mason would allow the fund to expand its horizons.
He added: "Nick is a talented and experienced stock picker. His addition as co-manager recognises his contribution...[and] will add further knowledge and experience to the management of this fund."
The promotion marks the latest step by Invesco Perpetual to bring through newer managers into more public roles, allowing established figures such as fixed income heads Paul Read and Paul Causer, and equity stalwart Mark Barnett, to step back.
In October 2016, the firm relieved Mr Barnett of his role on the Invesco Perpetual Select trust after 10 years, handing management to James Goldstone. Similarly, Mr Goldstone took over Mr Barnett's responsibilities on the Keystone trust earlier this year.
Head of Asian equities Stuart Parks stepped back from his role on the £948m Asian equity fund in April, handing it over to co-manager William Lam. In the European equity team, Matthew Perowne joined Adrian Bignell on the £176m Invesco Perpetual European Smaller Companies fund.
The firm's bond stalwarts Mr Read and Mr Causer have also reshuffled their responsibilities, giving more exposure to upcoming managers Julien Eberhardt, Thomas Moore and Asad Bhatti, the latter on a new emerging market debt fund.
