Boyne and McGraw to replace Yerbury on Invesco Select trust

Invesco Perpetual has announced Paul Boyne and Doug McGraw will take over Bob Yerbury's role as managers on the Invesco Perpetual Select investment trust.

The board's chairman Patrick Gifford announced in the trust's annual results the company is proposing to revamp the global equity portion of the trust, with Yerbury stepping down from management responsibilities as a result. Invesco has now confirmed Paul Boyne and Doug McGraw, who both co-manage the group's open-ended Global Equity Income fund, will take over the mandate, subject to shareholder approval. The board has already announced plans to give the mandate a greater income focus, in a bid to increase dividend growth. The group said: "Invesco Perpetual can confirm the proposed...