Money Management

Kames Capital director of institutional business departs

Peter Ball left Kames Capital where he was director of institutional business and head of business development for parent company Aegon Asset Management, confirmed a spokeswoman.

Mr. Ball joined the business full-time in January 2015, having been interim head of institutional business previously. He joined in 2014 from JLT Employment Benefits, where he was head of investment solutions.

"Kames Capital can confirm that Peter Ball has decided to leave the business to pursue other opportunities," said a spokeswoman in an email.

She said Jill Johnston has taken over responsibility for the institutional sales team following Mr. Ball's departure. Ms. Johnston will also continue as institutional business development manager at Kames. No one has assumed Mr. Ball's Aegon responsibilities at this point, the spokeswoman said.

A source familiar with the situation said Mr. Ball does not have a role elsewhere at this time.

The firm, which has 43.9 billion ($59.5 billion) in assets under management, last year entered the U.S. market for the first time after registering with the Securities and Exchange Commission. Also last year, Kames partnered with Latin American investment and financial advisory firm HMC Capital to enter the Chilean investment market.