Stephen Ingledew has left his position as group chief executive at national IFA Berkeley Berry Birch as the firm mulls over its merger with rival Inter-Alliance.
Group chairman Clifford Lockyer will add Ingledew's role to his responsibilities while finance director Craig Butcher, who had been due to step down later this year, will stay on in a role that encom-passes broader commercial responsibilities.
BBB says Ingledew has left the company by mutual consent. The news comes days after the firm announced it had wound up subsidiary Berry, Birch & Noble Financial Services, dumping potential liabilities on the Financial Services Compensation Scheme.
Ingledew is understood to be considering a range of offers from the IFA sector and says he expects to be taking up a new role in the near future.
He joined BBN in 2000 after periods at Frizzell, NPI/AMP and Schroders, where he was head of retail marketing.
Ingledew says: “Now is the right time for me to move on. I intend to be part of a team which genuinely wants to reshape the IFA sector.”