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Sesame sees more senior departures


Sesame Bankhall Group interim chief risk officer Shaun O’Leary has left the firm and is being replaced by operations director Julie Sadler. 

Money Marketing understands head of supervision services Ian McKenzie has also left. 

Sadler joined the business in November 2012. Sesame says she will play a key role in implementing systems and controls.

In November, risk and compliance director Michael Couzens was appointed financial services development director and Temple Risk head of risk and regulation O’Leary joined as interim chief risk officer, to take over Couzens’ former duties.

Last week, Sesame was fined £6m by the Financial Conduct Authority for failing to ensure investment advice was suitable and for failings in the systems and controls that governed the oversight of its appointed representatives.

Last month, head of strategic propositions Darren Smith left the business, while in April Sesame executive chairman Ivan Martin departed.

Sesame chief executive George Higginson says: “Julie’s knowledge and experience of the risk and governance disciplines will help us to ensure that our group’s future developments keep pace with the ever changing regulatory environment.” 

Sadler says: “We are committed to ensuring that advisers can clearly evidence how their services are delivering the right customer outcomes.”


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There are 3 comments at the moment, we would love to hear your opinion too.

  1. Its not just the staff who are leaving…… plenty of member also….

  2. Exasperated Me 13th June 2013 at 3:17 pm

    Who called it Sesame? Must have been a Muppet.

  3. John Bloomfield 13th June 2013 at 6:00 pm

    As a RI in a member firm I have to say I see all these moves as a good thing.

    The network had become a frustrating environment where things were done because that’s how we always have done them.

    In last 12 months we seem to have a new broom being swept through the organisation and we are starting to get thoughtful and common sense responses to unusual compliance queries rather than the parrot fashion dogma that was only backed up by ‘thems our rules’ type logic.

    The new people at senior level I have had contact with of late seem much keener to get things done than many of their predecessors.

    This is no reflection on the individuals referenced in this article more a response to the ‘ooo er’ press reports every-time someone is replaced at Sesame at the moment.

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