Gilmour quits Sesame after less than year

Sesame Bankhall Group business development director Keith Gilmour has left the company less than a year after joining.

Gilmour moved to Sesame Bankhall from Positive Solutions in November, where he was marketing director, as part of last year’s senior management restructure which saw George Higginson join from Intrinsic as chief operating officer.

Gilmour was developing the group’s brands and promoting its products to members. A spokesman says there are no plans to replace Gilmour.

Sesame has recruited former Intrinsic Financial Services strategic recruitment director David Kafetz as head of group sales and he will join this month. Kafetz, who will be responsible for leading the sales teams across Sesame and Bankhall, will report to managing director of distribution Nick Kelly.

Kafetz’s appointment follows the arrival of former Aegon business development director Jon Dear, who joined in March as head of advisory services. He reports to Higginson.

Kelly says: “David brings with him a wealth of industry experience and will be another excellent addition to our strong management team. He has a great understanding and insight into the issues that adviser firms are facing while they adapt and build value in their business as we enter the new RDR world.”

Kafetz says: “Sesame Bankhall Group is a very strong business, both financially and strategically. It was a natural progression for me to join their leadership team.”

Consilium Financial Planning managing director Kevin Morgan says: “It seems odd for Keith Gilmour to come into such a high-profile position and then leave after a short time. The regulatory changes are affecting all networks and it could be a sign that Sesame Bankhall is struggling to work out which direction it is going in.”