Sesame shakes up leadership as mortgage boss John Cupis exits

Cowan-John-Sesame Bankhall-2014

Sesame Bankhall has announced the departure of its mortgages and wealth management bosses following a restructure of the networks board.

Sesame revealed today that wealth management managing director Pan Andreas departed the business in July, while mortgages managing director John Cupis will also exit, although a date has yet to be finalised. Marketing director Jon Dear also left the business in April.

Sesame managing director Stephen Gazard will take on a broader remit, giving him responsibility for supporting advisers across both wealth and mortgages.

He will be supported by Lisa Martin, who becomes director of mortgages, as well as continuing to lead the PMS Mortgage Club.

Head of member and customer support Stuart Davies will take on a broader role as director of network operations and finance director Jim Kelly will become group commercial director.

The changes come as Sesame continues to restructure after its March announcement that it would no longer operate as a network for investment advice.

The board continues to be led by executive chairman John Cowan, working alongside non-executive directors Diana Miller and Nick Criticos.

Sesame has also recruited KPMG partner David Burlison as a non-exec strategic implementation director, subject to FCA approval.

Replacing the retiring Jim Newman at Sesame, Burlison will additionally retain his current role as the consulting giant’s global head of restructuring.

Cowan says: “I am excited to be leading this strong and talented management team and we look forward to delivering quality services to both wealth and mortgage advisers.

“The outlook for both our markets and our profession is incredibly positive, so a key objective for us is to ensure that we continue to place customers at the centre of all our activities as we implement our plan to continue to build a successful and sustainable business.”