Veritas Asset Management Taps UBS's Barnes For CEO Slot

Sep 28 2016 | 11:35pm ET

UBS Global Asset Management executive Ian Barnes has been named chief executive officer at Veritas Asset Management.

Barnes will start at Veritas early next year, according to the company. He will be responsible for the day-to-day management of the business and implementing key objectives set by the managing partners board. The position is new. 

Barnes will also join the company’s managing partners board, which consists of chairman Charles Richardson, head of global Andy Headley, head of Asia Ezra Sun, and COO Richard Grant. 

Barnes became head of U.K. and Ireland for UBS Global Asset Management in 2012, and was previously with Russell Investments for more than a decade. 

“Ian’s appointment will ensure that key investors remain focused on investing for our clients, while providing the leadership to fulfill the long term objectives for our firm – investment excellence, client service, retention of high caliber people and measured organic growth," said Richardson in a statement. 

Based in London and founded in 2003, Veritas manages around £12 billion in assets invested in global and Asia equity strategies.

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