Bill Dinning Leaves Kames Capital for Coal Board Pension Fund

Bill Dinning quit as head of investment strategy at Kames Capital Plc, the Edinburgh-based fund unit of Dutch insurer Aegon NV, to become investment strategist for Coal Pension Trustees Services Ltd., which oversees funds for retired mineworkers, managers and staff.

Dinning, 53, resigned Nov. 1 after almost eight years, Kames said in an e-mailed statement today. Dinning, who lives in Kent, southeast of London, will be based in the U.K. capital, Kames said. No one was available for comment at the coal funds, which manage 20 billion pounds ($32.6 billion) in assets.

Ian Cooke, who was head of U.S. equities, left last month and was replaced by Marcus Chandler, who will be lead fund manager for the Kames American Equity fund, Kames said in the statement.

The change follows a review of its overseas equity capabilities by Piers Hillier, who was appointed head of global equities last year. Peter Pih, a quantitative analyst, also left last month, Kames said in the statement.

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