Sesame is axing two directors and is believed to be losing sales director Andrew Bed-ford in a shake-up of its senior management structure.
The reshuffle sees operations director Kevin Budge and chief technology officer Doug Morris leave the meganetwork in a root and branch restructure.
Further redundancies and job restructures for less senior staff will be announced in the near future.
A new role of director of sales is created for Stephen Young, who previously set up and ran Sesame Direct, the support services arm for directly regulated firms.
Sesame was unable to confirm whether Bedford would be staying at the firm. Bedford became Misys head of marketing in January 2000 after joining the group as head of Financial Options.
Sesame says it is “de-layering” the network structure and wants to make all parts of its business more customer-focused to target three key areas – customer service headed by managing director Steve Pearson, propositions tailored to the IFA and future strategy.
Chief executive Patrick Gale says both he and commercial director Martin Davis will spend more time dealing directly with members.
Davis says: “This is about restructuring to move our focus on to customers. There will be changes across the board. We will have to fill the new roles that the new structure throws up and if we cannot fill them internally, we will look externally.”