Doug Turnbull (pictured), former head of Chinese equities at Neptune Investment management, has joined Invesco Perpetual's emerging markets team.
Turnbull, who will join Invesco in September, left Neptune after 10 years at the firm in May.
‘I’m extremely pleased that Doug is joining our team and look forward to him applying the experience he has gained in Asia to the wider world of emerging markets,’ said Dean Newman, head of emerging market equities at Invesco Perpetual.
‘His arrival reinforces our strategy to further develop our emerging markets franchise to support this growing area of interest for our clients.’
The Neptune China fund, which he had managed, had struggled in recent years returning 44.7% over the past three years, which compares to the market average of 61.9%.
Following Turnbull's exit, Ewan Thomas took over as manager of the Neptune China fund. AA-rated. Thomas also manages Neptune’s emerging markets fund.