Personal Touch Financial Services’ head of compliance Stuart Baker has become the latest member of senior management to leave the network.
Baker is scheduled to leave the firm in mid-May after nearly two years in his current role. His next role will be at Mortgage Advice Bureau as compliance director.
PTFS has suffered a spate of senior management departures over the past year. Former chief executive Doug Crawford and former sales and marketing director Dev Malle left the firm in February and July, respectively, to join conveyancing services provider Myhomemove.
Former regional sales director Martin Igoe and former compliance manager Paul Petrie both left for rival network First Complete in December.
A spokeswoman for PTFS says: “We wish Stuart lots of success in his future role. He has been an important part of the Personal Touch team and we are delighted that Andrew Birch is now able to step up and take on broader role after two years with the network.”
Baker handed in his notice in February and is currently in the process of working with his replacement, Andrew Birch, in preparation of his scheduled departure date. Birch is currently PTFS money laundering reporting officer as well as the assistant compliance officer.
Before joining PTFS Baker was head of compliance for Sesame Services, having spent nearly 16 years with the firm. Prior to this, he was the compliance manager at insurance firm Eagle Star between May 1988 and October 1995.
Moneysprite director Ashley Brown says: “To hear another senior member of management has left is disappointing, and will need to be handled with aplomb on the PR front with members. In the long term I am sure PTFS will continue to thrive though, and benefit from much goodwill within the industry.”