Perowne will join lead manager Adrian Bignell on the fund from the end of March.
Bignell and Perowne have worked closely together over past two years running the Invesco Perpetual European Opportunities fund since December 2015.
Perowne joined Invesco Perpetual as a trainee analyst within its European equities team in 2010, before taking on fund management responsibilities in 2014.
‘Adrian and Matthew have a proven working relationship and this move looks to build on their effective collaboration, as well as being part of Matthew’s overall natural career progression,’ said Jeff Taylor (pictured), head of European equities at Invesco Perpetual.
He added: ‘Matthew is a talented stock picker and he and Adrian have produced strong results for our clients. Matthew has a thorough knowledge of European stocks across the market cap range which should benefit the European Smaller Companies fund.’
The firm stated the investment process for the fund will not change following the appointment.