The chief executive officer of Professional Investment Services (PIS) has resigned, according to an announcement from the company.
Pete Walther announced his resignation after 18 months with the company. Mr Walther's resignation follows the departure earlier this month of Tony Robinson, the managing director of PIS' parent company, Centrepoint Alliance.
John de Zwart, managing director and chief executive officer of the Centrepoint Alliance, has been asked to step into the role of acting chief executive officer.
"With Pete's looming departure, there is no change in the ambition of PIS as we remain committed to becoming the leading non-aligned financial advice business," Mr de Zwart said.
Mr Walther restored confidence within the PIS network by repositioning the business and instilling a culture of quality advice and service for clients, according to Mr de Zwart.
"Pete and his team have had a determination to not only meet the requirements of the regulator but to emerge as a stronger, more compliant and ethical business that consistently produces appropriate advice outcomes," he said.
