He will work in the government bonds team with specific responsibility for derivatives, reporting to joint head of fixed income Stephen Jones.
Mackay joins Kames from Nationwide Building Society where he was head of fixed income and derivatives and head of a ten-strong team responsible for the Society’s liquidity book and any interest rate risk arising from the business it write.
Prior to Nationwide, he was a director, UK rates and inflation sales, at Royal Bank of Canada Capital Markets and a director of the inflation-trading desk at Citigroup Global Markets.