Kames Capital joint chief executive and chief investment officer Andrew Fleming has stepped down after eight years with the firm.
The asset manager is splitting Fleming’s role, with Aegon Asset Management chief executive Sarah Russell taking over as Kames interim chief executive while a long-term replacement is sought.
Kames co-head of fixed income Stephen Jones will assume the role of chief investment officer, subject to regulatory approval.
Jones has spent 11 years with Kames, a wholly-owned subsidiary of Aegon, co-heading the fixed income sector with David Roberts.
Russell says: “Since joining eight years ago, Andrew has helped develop an impressive investment team and an award-winning product offering, as well as overseeing the successful launch of the Kames Capital brand. I would like to thank him for this.
“I am looking forward to working with Stephen and the rest of the management team as Kames Capital embarks on the next stage of its evolution.”
Chelsea Financial Services managing director Darius McDermott says: “Kames is well known for its fixed interest capabilities. The fact that Stephen Jones has a background in fixed interest means this move could be quite positive.”