Perowne has worked closely with Bignell over the last two years, having been made co-manager of the Invesco Perpetual European Opportunities Fund in December 2015. 

He joined Invesco Perpetual as a trainee analyst within the European Equities team in 2010, before taking on fund management responsibilities in 2014. He will assume his new responsibilities on 31 March.

Over the last five years the team has expanded significantly under the leadership of Jeff Taylor, and now includes 10 full-time investment professionals, Invesco Perpeptual said. Over that time, assets under management have grown by over £6 billion to around £10 billion, the firm added.