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Sesame sees more senior departures

Sesame chief executive George Higginson

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. 

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. Sesame says O’Leary’s contract has now come to an end. 

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

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.”

Consilium Financial Planning managing director Kevin Morgan says: “I am not surprised by the fall out at Sesame and I suspect there could be a few more to come.”



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