Sesame head of wealth management departs

Sesame has revealed that wealth management managing director Pan Andreas has left the business

Andreas left the network in July, while marketing director Jon Dear also left the business in April.

Sesame’s mortgages managing director John Cupis will also exit, although a date has yet to be finalised.

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

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.

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

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.”