Following his resignation, a new management team has been elected to drive the business forward under the leadership of Max Wright, chief executive officer.
Joining the team in a newly expanded role of marketing director will be David Carrington, a former chief executive of Policy Plus and previously head of sales at Eagle Star.
The network also announced confirmation of its ‘Vision 2013’ strategic realignment project designed to maximise future growth and development prospects in the post-RDR marketplace.
Max Wright, CEO, said: “With David’s strategic vision and expansive market knowledge providing the ideal complement to our new management team, we are now ideally positioned to drive forward with our ambitious future plans.
“Sadly some people have chosen to say goodbye and I would like to thank Dev for his commitment to Personal Touch over the past 6 years and we wish him well in his new chosen path.
“Whilst the adviser sector has always had to cope with change, the unique circumstances which our industry now faces with the arrival of the Retail Distribution Review and Mortgage Market Review (MMR), coming at a time of worldwide economic austerity, must necessitate greater responsibility and realism from all involved.
“At Personal Touch we have over 1500 advisers and their clients supporting us. It’s therefore vital that we respond by showing our commitment to building a robust, streamlined new infrastructure to support the future success which we can all share a part of.”
Malle was unavailable for comment.
PTFS have announced that Vision 2013 is designed to reflect the core principles of the new regulatory era. The new management team will be responsible for ensuring network members are given support they need to maximise income whilst being transparent about costs.
Wright added: “It is essential that we give advisers confidence and security for the future. As such we have already put in place our PI policy for the next 12 months underpinned by a commitment to robust compliance processes across the business.
“Testament to this is our commitment to ensuring our existing Investment & Pensions Advisers are thoroughly prepared for life under the RDR. Results to date are very encouraging in this area with an 85% exam pass rate achieved by our advisers against the industry average. We are applying the same commitment to MMR.”
Last week, it had been revealed that Andy Walton quit PTFS where he was head of sales development.
