Bankhall has abandoned its search for a new chief executive to replace Peter Mann who left to join Skandia last October.
The support services provider had said it would search externally for a replacement, but has now revealed its five board members – managing director of IFA services David Golder, financial director Darren Veevers, chairman Mike Gordon, director of IT and e-business Dave Rimmer and non-executive director Ron Baxter – will take the reins with the help of other senior managers.
Golder says: “Because we have an extremely strong management team, we do not feel the need to appoint a chief executive at this stage but, of course, we will review our options in the longer term. This is the way we want to take it forward. Recruiting a chief executive remains an option for the future but it is off the cards for now.”
Mann left Bankhall in October last year to become chief development officer at Bankhall’s parent company Skandia. Mann, who started at Bankhall in 2001 and became chief executive in 2005, is in charge of the marketing, strategy, sales and communications teams at the company.
When he left the firm, he insisted it would search externally for “a special person”.