EDINBURGH-based asset management firm Cameron Hume has underlined its growth ambitions by recruiting two sector veterans who held senior roles at the Kames Capital business in the city to help expand its offering.

Cameron Hume, which specialises in managing fixed income investment on behalf of institutions such as pension funds, has appointed Brian Jack to launch a cash business for the firm.

Mr Jack was formerly head of Treasury at Kames Capital, which is owed by Dutch giant Aegon UK.

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Cameron Hume said Mr Jack had a track-record of building and growing cash and short duration fixed income businesses.

He also worked at the former Ignis and Scottish Widows Investment Partnership businesses.

Andy Kelly has joined Cameron Hume as business development manager after spending three years as head of liquidity sales at Kames Capital.

Cameron Hume noted Mr Kelly had also held senior positions at Barclays, Morgan Stanley, JP Morgan, Legal & General Investment Management.

Cameron Hume managing director Chris Torkington said the new appointees were hugely experienced and knowledgeable and would help drive the business forward.

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Demand for fixed income investments such as bonds has soared amid the sell-off in equity markets triggered by concern about the impact of the coronavirus.

The prices of what are perceived as lower risk investment such as Gilts issued by the UK Government have risen sharply, meaning the yields on them has fallen.

Mr Torkington established Cameron Hume in 2011 after serving as managing director of operations at Scottish Widows and group information and operations director at Standard Life. The co-founder of the business, Guy Cameron, was formerly head of fixed income at Edinburgh fund manager Baillie Gifford.