News: Wilson's MD resigns

.

Wilson HTM Investment Group Limited (ASX:WIG) managing director Andrew Coppin has resigned from his position, as he pursues a potential buyout of the group's securities business.

 

Wilson HTM says the group and Mr Coppin agreed it was not appropriate for him to remain in his position while pursuing the acquisition.

 

The company says Mr Coppin resigned to avoid a potential conflict of interest, effective immediately.

 

Wilson HTM's board says it has not yet received a proposal. 

 

Alexander Grant has been appointed acting chief executive officer of Wilson HTM.

 

Wilson posted a net loss of $713,000 in the first half of the 2013 fiscal year.