Bestinvest's Spiers to step down as CEO

The financial advisory group has also announced Michael Covell will take over as chairman with immediate effect. Spiers will remain as CEO until Hall joins in June to ensure a smooth transition of executive responsibilities. He will then continue his active involvement with Bestinvest by acting as joint chairman of the asset allocation committee, being a non-executive director and remaining a significant shareholder. This is the second time Spiers has stepped down from the top job since founding Bestinvest in 1986. Then first was in December 2006, before the firm was acquired by funds...