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David Golder to leave Sesame Bankhall

Bankhall managing director David Golder has left the Sesame Bankhall Group.

Sesame Bankhall chief operating officer Stephen Young will take over responsibility for the business from Golder (pictured).

Sesame acquired Bankhall from Skandia in October last year.

Following the deal, Golder was made managing director of Bankhall and John Malone chairman of PMS.

Nick Kelly was appointed Sesame managing director and Sesame managing director for mortgages and general insurance John Cupis was appointed managing director of PMS.

In November, Sesame revealed that up to 100 redundancies would result from the integration of the two firms.

Young says: “I would like to thank David for the contribution he has made during his time with the company, and I look forward to working even more closely with Bankhall’s management team to expand the range of valuable services that we deliver to our members.”

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Comments

There are 9 comments at the moment, we would love to hear your opinion too.

  1. I gosh, I hope this isnt the start of something bad.

    Ive just come from 2 networks that have gone into administration….

    I have responsibilities and it isnt exactly bonanza time out there right now.

    Sesame – Please advise.

  2. Sesame Bankhall remains profitable and has substantial capital reserves. We are determined to put the Bankhall business back on the map and I will personally lead this work to ensure that we execute our plans with pace and vigour.

    Stephen Young
    Chief Operating Officer

  3. My company has been a loyal member of Bankhall almost since the beginning and we are disappointed on a number of accounts.

    Firstly I would like know the reasoning and circumstances behind David Golder’s departure and not just receive the bland statement.

    I have always liked David and the way he went about the business, unlike many others I could name.

    Most individuals running and working for networks/aggregators et al seemed to function purely in their own interests (sad but true) and their attempts to actually ‘help’ IFA firms appeared skin deep. David stood out as being the face of friendship and professional guidance and he should be recognised as such.

    Secondly, I trust the great working relationship the IFA members have experienced with Bankhall so far is not going to slide. If it does, I fear a mass exodus because there is plenty of competition out there.

    Although I have effectively retired from the profession, my son continues ever onwards and upwards and we maintain a keen interest.

    Good luck David G, wherever you are and whatever you do.

  4. Personally I would like to know how David Golder got the position in the first place, talented people had the role in the past

  5. Robin Seymour P&I Ltd 1st March 2010 at 3:24 pm

    I only met DG the once and was unable to judge him. Having been the Sesame direct side for many years i have dealt with Stephen Young and what you see is what you get.
    I too am cynical but in this climate i see their point and in Stephen i hope he will continue to tell it how it is.

  6. By definition, the nature of organisations offering IFA support services is parasitic.

    I have great difficulty in seeing the ‘value for money’ that they (any of them) offer, at least on the basis of their normal monthly contract terms.

  7. David Golder personifies Bankhall and worked tirelessly for it’s members for over 10 years, he shall be sadly missed by a large number of members.

  8. I’ve known David Golder since his days with National Mutual, he’s very professional, has a dry sense of humour and tends to speak his mind – that’ll be why he’s not there any more then!

  9. Very sad. Kevin is quite right and as Bankhall members since 2000, we are starting to feel rather unloved with all these changes. No one from Sesame has even troubled to contact us personally to reassure – not even at the last T&D session. Sad.

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