Sesame Bankhall Group executive chairman Ivan Martin has left the group.
Non-executive director John Cowan will take up the role until a permanent appointment is made.
Martin was appointed executive chairman of Sesame in June 2007. He subsequently became executive chairman of Sesame Bankhall Group in October 2009 following Sesame’s acquisition of support services businesses Bankhall and PMS.
Martin remains on the board of the Association of Professional Financial Advisers. Sesame has put forward distribution director Stephen Gazard to be its new representative on the Apfa boad.
Sesame chief executive George Higginson says: “On behalf of the group I would like to thank Ivan for his important contribution to the success of Sesame Bankhall Group over the last six years and we wish him well for the future.”
Martin says: “It was always my intention to step away from leading the business, which is why we appointed George as chief executive in 2011. Now is the right time to complete this transition and for me to step down and focus on other business interests.”
Separately, financial services development director Michael Couzens is also leaving the business following a strategic review in November, which saw him move from his previous role of risk and compliance director.
In February, SBG parent Friends Life put the business up for sale and appointed Barclays Investment Bank to find potential buyers.
Barretts Financial Solutions senior partner Kim Barrett says: “I am sure the ethos of Sesame will continue under the remaining management figures.”