Bestinvest appoints UBS' Reid as COO

Bestinvest has recruited former UBS head of operations Donald Reid as chief operating officer.

Reid, who has over twenty years experience in the investment and wealth management industry, will take up the role from 1 September.

He moves from his job as head of operations at UBS Wealth Management, which he has held since March 2007.

There he led the successful migration to a new systems platform last year.

Previously, Reid has also been operations director and finance director at Barclays Stockbrokers and Barclays Wealth Management.

At Barclays, he was responsible for the integration of Charles Schwab.

Peter Hall, chief executive, Bestinvest says:"Donald brings with him a vast amount of experience and no one is better placed to help us deliver an excellent service for our clients and to manage our major investment programme in our systems.

"Having worked closely with Donald in the past, I am very aware of his abilities and am delighted that he has agreed to join."