Dutch-owned Aegon is to scrap its Scottish-based fund manager brand Kames Capital in a move towards what it calls a ‘globally-integrated’ model.

Kames will be subsumed within the global Aegon Asset Management brand.

The company says the move will provide Kames Capital’s clients with access to a “wider selection of best-of-breed products and services from across Aegon Asset Management.”

After the changes investment teams in London and Edinburgh and London will be better able to tap expertise from across the global group, says Aegon.

The company said there would be “no changes to the way we manage clients’ portfolios or the investment managers who run them.”

The integration move will see the Kames Capital brand ‘retired’ in mid-2020 with the  business adopting the Aegon Asset Management brand worldwide.

The new structure will create a global investment business with assets under management of £303bn.

The new structure, which will take effect from 1 February and will see the global business create four distinct investment groups: Fixed Income, Real Assets, Equities and Multi-Asset & Solutions.

Each platform will be led by a global chief investment officer who will sit on the newly- formed global operating management board headed by Aegon Asset Management chief executive Bas NieuweWeme

The company said: “This integration will provide our investment teams with access to all the resources, expertise, and knowledge of the Aegon Asset Management group across its multiple locations. It also means we can offer our clients best-of-breed products and services from across the group.”

There is no word yet on whether the integration will lead to any job losses or office closures.

Kames Capital says that no office closures are planning and that no large-scale jobs losses are envisaged.

• Editor's Note: In an earlier version of this story we said that Kames Capital had been contacted for comment. This was not the case due to an error on our part. Apologies for the error. Kames Capital has now commented and this has been included above.