Jones leaves patsystems

Jones, who had acted as interim chief executive for 12 months, oversaw the formulation of a new company product strategy, and survived a vote of no confidence when disgruntled former management and investors tried to oust the then-current management.

He joined the board at the start of 2001 from retail broker Sharelink, which he founded in 1986 and merged with Charles Schwab & Co in 1995.

Jones' departure coincides with the news that patsystems is rethinking its holding structure. It is also planning a transfer to the London Stock Exchange’s Alternative Investment Market, and to return £9.9 million in surplus cash to shareholders

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