PTFS in the market for a new boss

Personal Touch Financial Services is seeking a new chief executive following the resignation of Doug Crawford last week.

Max Wright, a non-executive director on the PTFS board, will take over his role until a permanent replacement is found.

Crawford, who is believed to be pursuing a career in legal services, joined in April 2010, taking over from John Ruddick.

The network, which is 28% owned by Lloyds Development Capital, says it has a four-year strategy and is not up for sale.

Wright says: “We have started the search for a replacement but in the meantime it is business as usual with a capable management team.”

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