Kames Capital appoints Philip Bach as Head of Active Value Property
Philip Bach has been appointed head of active value property at Kames Capital, reporting to Kames’ property investment director David Wise.
Bach, who has played a key role in the growth of Kames’ active value range which has more than £800 million of client assets invested, will be responsible for all investment-related activity associated with the funds, comprising the Kames Active Value Property Fund (open ended), UK Active Value Property Unit Trust and Active Value Property Fund II (both closed ended).
Kames’ active value range targets the good quality secondary commercial property market, particularly those properties in the £5m to £15m price bracket.
Bach, who has 23 years’ industry experience, joined Kames Capital in 2012 from ING Real Estate Investment Management, where he was co-head of the direct segregated accounts team. Before this, he was an asset manager for Jones Lang LaSalle, where he undertook the strategic asset management of the property assets in the BT and Royal Mail pension funds. Bach studied Estate Management at Birmingham City University and is a member of the Royal Institution of Chartered Surveyors.
Wise said: “Property has been a key focus for Kames for many years, with investor interest remaining particularly strong in the market segment we target. With over two decades of experience, Philip has enjoyed an extensive and distinguished career in the industry and his promotion reflects the great work he has done for our property team in the four years he has been with us.”