Hughes says he was offered another role within the Money Portal Group but decided to turn it down to pursue other personal ambitions.
He says: “When I was appointed chief executive three years ago, my priorities were to build a successful business, create a compelling proposition for members and provide a long overdue return to shareholders. Since these objectives have all been delivered I personally believe my job with Burns-Anderson is now largely complete.”
Sage Financial managing director Frank Gorrie will take over the running of Burns-Anderson in addition to his current responsibilities.
Peter Coleman, previously finance director at Burns-Anderson, has been appointed group chief financial officer and will join the boards of all group subsidiaries.
Money Portal CEO Richard Craven says: “Money Portal has now achieved the scale objectives targeted and these organisational changes pave the way for a period of intense activity as we strive to achieve our aspirations in terms of changing the face of financial distribution and the way it is remunerated.”