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Kayes quits Tenet at the top

Tenet chairman Barry Kayes is leaving the firm, saying he would rather go out on a high than “do a Tony Blair” and outstay his welcome.

He has been chairman since 2000 when the Tenet Group was formed from the 17m management buyout of M&E and Interdependence.

Kayes, who is expected to seek another position in financial services, rem- ains adviser representat- ive on the Chartered Insur- ance Institute’s faculty of life and pensions advisory board.

He started his career at Scottish Life, where he stayed for 21 years before moving to Friends Provident, where he was a member of the senior sales and marketing team for 14 years.

Kayes says: “It is great to move on from a job well done and to do so at the right time, knowing that you are leaving things in great shape. I have decided to retire now, well before time and leaving them gasping for more rather than do a Tony Blair.”

Chief executive Simon Hudson says: “Barry has been a major influence and key contributor to Tenet’s success over the past 10 years, during which time he has also been a fantastic ambassador for the industry.”

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