UK- INVESCO has appointed Habib Subjally as head of global equities. Subjally joins from Merrill Lynch and brings with him Manraj Sekhon who has been appointed senior fund manager for global equities.

Subjally is to oversee a team of eighteen and will manage the INVESCO PERPETUAL global dynamic theme fund.

In addition Stephen Rowntree, previously a specialist in pharmaceuticals and healthcare at Gartmore has been appointed to manage the INVESCO GT healthcare fund.

The move backs up the belief of Anthony J Broccardo, CIO overseas and institutional at INVESCO that global equities are the fastest growing new asset class.

“We project that these products will become an increasingly important part of our product range both in the institutional and retail markets worldwide,” he says.

INVESCO manages $7bn in global equity assets.