Bestinvest boss Barnes resigns

Current chairman Ray Greenshields will replace Barnes, who has also stepped down from the board, until a successor is found. Greenshields thanked Barnes for his role in strengthening Bestinvest’s business model. “The board and major shareholder continue to view the prospects for growth very positively as the company’s expertise in funds research and investment management become fully recognised,” he says. Barnes says the time is right to take on new challenges. “I leave the business in robust condition with profits and discretionary funds under management up year on year, despite th...