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Gale will miss the fsa’s challenge

Departing chief executive Patrick Gale has named the FSA and pressure of handling regulatory changes among the top three things that he will miss about working at the company.

Gale, who is now set for a career break, says the people he worked with and the ever-changing world he is exiting will be the other things he misses the most.

He says: “Dealing with the people at the FSA and the way they tackle regulation is one of the most intellectually challenging aspects of the job by far.”

He says his successor Ivan Martin brings a strong commercial management ability and has spent the last six months immersing himself in the business and he is confident he is leaving Sesame in good hands.

Gale also predicts that the mortgage division of Sesame, currently ranked in the top three mortgage support service providers, will go from strength to strength.

He hopes that at least one of his additional interests -the Thoresen review, Aifa council and board and the Retail Financial Services Group – will keep him on after his departure from Sesame, but he concedes that this might not be feasible.

He says: “Clearly central to these roles is my capacity as chief executive of Sesame and Ivan may well continue with them but it is up to the chairmen of these groups to decide if I can add value with my individual contribution. I would certainly like to stay involved.”

1981: Loan officer, Bank of America
1986: Sales manager, BIS Software
1995-99: Misys regional director for Asia Pacific
1999-2000: Marketing director, MKI (Misys’ biggest banking and securities software house
2000-02: Chief executive, Misys IFA Services
2002-07: Chief executive, Sesame Group.

Also member of the council and board at Aifa, an adviser on the Thoresen review and is on the board of the Retail Financial Services Group, chaired by Ron Sandler.


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