(ShareCast News) - AFH Financial's executive director and chief investment officer, Toby Denne, has stepped down from the board with immediate effect.The wealth management firm said Denne was leaving to focus on other business interests but remains a significant shareholder in the company.Chief executive officer Alan Hudson said: "We would like to thank Toby for his hard-work and dedication. He has been key in the significant growth that AFH has seen in the past few years as it moved from ISDX to AIM and we wish him all the best for the future."At 1014 BST, shares were up 0.9% at 163p.