Sesame to close Cheltenham office


Sesame is closing its Cheltenham office and consulting with staff as it prepares to shut its network for investment advisers.

Sesame will keep open its remaining offices in Altrincham, Birmingham and Huddersfield.

The business says that 30 staff are based in Cheltenham and are currently in consultation.

Sesame announced in March plans to close its investment network following a strategic review.

Appointed representatives have until 31 July to choose between moving to Sesame’s preferred partner Intrinsic, becoming directly authorised as part of Bankhall or leaving altogether.

A Sesame spokeswoman says: “As part of the update we provided to staff in April on the strategic review, our proposed organisational changes included a reduction in our UK offices from four to three, with the closure of our Cheltenham office by August.

“Around 30 people are currently based at that location and we are in consultations with staff regarding the impact on their roles. This includes exploring alternative working options for a number of roles, such as home working and re-location.”