Malle, PTFS sales and marketing director, joined PTFS in October 2006 from Pink Homeloans where he was sales director for four years. Prior to that Malle worked for Nationwide Building Society.
Personal Touch, one of the UK’s largest adviser networks, announced Malle's resignation from the firm this afternoon and said a new management team had been elected to drive the business forward under the leadership of chief executive Max Wright.
Joining the team in a newly expanded role of marketing director will be David Carrington, 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.
Wright 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 six 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 RDR and MMR coming at a time of worldwide economic austerity, must necessitate greater responsibility and realism from all involved.
"At Personal Touch we have over 1,500 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.”
Vision 2013 is designed to reflect the core principles of the new regulatory era with transparency and fairness uppermost. The new management team will be responsible for ensuring network members are given all the 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.
“The next few years will bring many new challenges not just to our organisation but to the adviser sector as a whole. We believe the changes we have made and will continue to make as part of ‘Vision 2013’ have put us in a highly competitive and enviable position to support future growth and profitability.”
Last week Mortgage Introducer broke the news that Andy Walton quit Personal Touch Financial Services where he was head of sales development.
Walton joined the network in October 2010 to oversee the Personal Touch’s team of 10 regional sales managers who were recruited by the company that year as part of a new business structure.
It also emerged that John Ruddick quit as director of IFA services at PTFS several weeks ago.
Ruddick was chief operating officer at the network from 2006 until June 2010 when he made made director of IFA services.
Malle, Ruddick and Walton could not be reached for comment.
