Bestinvest appoints new chief operating officer

Bestinvest has appointed Donald Reid as chief operating officer.

Reid has over 20 years experience in the investment and wealth management industry and was previously head of operations at UBS Wealth Management.

Other previous roles included being operations director and finance director at Barclays Stockbrokers and Barclays Wealth Management. He joins Bestinvest on September 1, 2010.

In March,  Bestinvest announced that John Spiers would step down from the helm of the firm for the second time after the group appointed Michael Cowell as chairman and Peter Hall as chief executive.

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