Personal Touch Financial Services chairman Martin Wilson has stepped down from the network.
Wilson was suspended from PTFS in November pending an internal investigation, although at the time, nobody at the network would comm- ent on the details, saying it was “an internal matter”. Wilson says this has been resolved without any disciplinary issue and has no bearing on his decision to step down.
Wilson says: “I stepped down as a director and exec- utive chairman to take up an ambassadorial role for PTFS. The staff grievance that occurred in October has been resolved without any discip- linary issue.
“I have been at the helm of PTFS for 15 years without any previous staff or regulatory procedures.
“My wife and I agreed with the board to take more of a back-seat position in 2010 and beyond to let the new CEO of PTFS to run the show. We are still the largest shareholders in PTFS and adore the baby we evolved.”
Personal Touch sales director Dev Malle would not comment on the details of Wilson’s departure. He says: “Empl- oyee matters are confidential.”