Investments  

Kames Capital brand to disappear in 2020

Kames Capital brand to disappear in 2020

A restructure at parent company Aegon means the Kames Capital brand name will disappear next year.

The fund house, which has offices in Edinburgh and London, will be part of the wider Aegon Asset Management restructure, which will see the US and European businesses integrated under one company.

The TKP brand will also disappear.

The teams running the funds at Kames will remain the same, though will be organised on a global basis into four divisions: Fixed Income, Real Assets, Equities, and Multi-Asset and Solutions.

Each of those teams will be lead by a global chief investment officer for that asset class. 

Their distribution and client services teams will be integrated. 

The combined business has assets under management of £303bn. 

Bas NieuweWeme, chief executive of Aegon Asset Management, said: “‘By organising our investment teams globally across the four investment platforms we can harness our experience, knowledge and resources worldwide.

"This will enhance our performance potential and help generate better investment outcomes for our clients, while providing them access to our best in breed products and solutions.

"The move will support the great work being done by our investment and distribution teams by providing them with deeper resources, while not changing our investment processes or local focus.”

The long-serving chief executive of Kames Capital, Martin Davis, announced his departure from the company in September. 

Kames Capital has suffered a wave of staff exits in recent years, with fixed income heads Phil Milburn and David Roberts, and then Stephen Snowden, who had replaced that duo, leaving taking a number of colleagues with him.   

david.thorpe@ft.com