John Surplice was will become head of European equities at Invesco, effective Jan. 1.
Mr. Surplice will take on leadership responsibilities following the retirement of Jeff Taylor. Mr. Taylor will retire at the end of the year after almost 20 years in the role.
The firm runs £6.5 billion ($8 billion) in European equities, a spokeswoman confirmed. Messrs. Surplice and Taylor, who are co-managers of the firm's Invesco European Equity fund (U.K.), will work together as co-heads of the team for the rest of the year. The investment strategy and process will remain unchanged.
"In planning for a successor, it was crucial to ensure consistency in our investment philosophy and process," Mr. Taylor said in a news release. "John shares my vision for the portfolio and team and has a deep understanding of our clients' ambitions, as well as strong leadership qualities. I look forward to working with John and the rest of the team for the remainder of the year."
Mr. Surplice is co-manager on a number of other strategies. As he takes on new responsibilities, the firm said it appointed James Rutland as a fund manager earlier this month. Mr. Rutland joined from Schroders where he was a member of the European equities team.
Nicholette MacDonald-Brown assumed responsibility for the Schroders International Selection Fund European Opportunities on May 1, a spokeswoman said.