Ennett‘s resignation from his role as head of European high yield at Standard Life Investments was confirmed by the company yesterday.
He will join Kames in September 2016. As well as heading up the team he will be co-manager of the Kames High Yield Bond and the Kames High Yield Global Bond funds alongside current co-manager Phil Milburn, who will be returning to Kames in Q3 following absence due to ill health.
Current co-manager Claire McGuckin has left the business.
In the interim head of fixed income David Roberts will be responsible for Kames’ high yield funds, supported by Stephen Baines.
Roberts said: "David is very experienced in the high yield market and we believe his investment philosophy is very much in line with that of Kames Capital. He will be an excellent fit for the business and both Phil and I are looking forward to working with him on his arrival."
“I am also delighted Phil will be returning to the business in H2 after his period of absence. He will return as head of investment strategy, working with David to shape our high yield propositions and continuing to be the lead manager on both our wholesale high yield funds as well as his role as co-manager on both our strategic bond funds,” he added.