Berkeley Berry Birch network division chief executive Richard Howells has resigned from his role at the listed IFA group.
Howells will be replaced by co-founder of Berkeley Independent Advisers group Martin Banbury.
Banbury, currently BIA executive chairman, will take on Howell's role temporarily until a replacement is appointed.
Howell's departure follows the resignation of group chief executive Stephen Ingledew in March after the firm entered into merger talks with rival Inter-Alliance.
Howells says: “I am not leaving BBB to go anywhere else. Nothing is lined up at the moment. I came into the group with a specific remit and as far as I am concerned that has largely been completed. This is a good point to step back and look at what other opportunities are out there. I have no axe to grind with BBB whatsoever, it was very much a case of job done.”
BBB group chief executive Clifford Lockyer says: “Richard has worked with Martin over the last two years in developing the network division. That work has now been concluded and Richard is looking to further the development of his career.”