Publicly-listed financial services group, Wilson HTM Investments has confirmed to the Australian Securities Exchange (ASX) today that an investigation is underway into allegations leveled against its managing director, Andrew Coppin.
The ASX announcement noted media reports on what it said were "an internal matter".
"The Board confirms that allegations have recently been made by two former staff members claiming that the managing director, Andrew Coppin, engaged in inappropriate behavior," it said.
The announcement said that although a formal complaint had not been made, "allegations that relate to a possible breach of the Group's Code of Conduct are taken very seriously".
"The matter will be thoroughly investigated, and if necessary, appropriate action will be taken," it said.
Wilson HTM said it had engaged an independent professional firm to assist with the investigation.
"Andrew Coppin has stated that he believes that he has acted appropriately at all times, and has denied the allegations," the announcement said.
"He is cooperating with the Board and its advisers."
