Bankhall sales director Tony Murrell is leaving after 10 years at the firm and is set to be reunited with former boss Paul Hogarth at his new company, Paradigm Partners.
Murrell will take joint responsibility for adviser recruitment alongside Leigh Cobb, who was also formerly at Bankhall as operations manager at Portfolio Member Services.
Hogarth says Paradigm, which launches this week, targeted both Murrell and Cobb because he believes they were responsible for recruiting at least 70 per cent of Bankhall’s membership.
Murrell is on a six-month notice period but it is unknown at this point if he will stay on or take gardening leave.
Hogarth says: “Tony is excellent. He has always been seen as an asset to Bankhall. Traditional support service businesses are all about compliance and the cost of that. But, as margins decrease, it leads to service provision being all about cost but there is so much more to it than that.”
Wilson Dean Financial Services director Nick Lincoln says: “He has always been a very inspiring person and it is sad to see him go.”
Both Murrell and Bankhall declined to comment.