Sesame Bankhall Group (SBG) has reconfigured its management team following a strategic review that led to the demise of its investment advice network earlier in the year.
The firm's board will continue to be led by John Cowan, executive chairman (pictured) and Diana Miller and Nick Criticos, both non-executive directors but has appointed KPMG partner David Burlison as strategic implementation director.
Burlison will replace Jim Newman, retired transformation director at Friends Life, following regulatory approval.
Stephen Gazard remains managing director but will take on a wider remit with responsibility for leading SBG's support for advisers across wealth and mortgages.
Sesame announced in March it would wind down its network for investment and pension advisers over a three month period from the end of April, following a strategic review by parent company Friends Life.
But the network said it intends to keep its mortgage arm while sister company Bankhall still provides support services for directly authorised investment advisers.
Changes had been sparked by a downward spiral that began in June 2013, when the network arm Sesame was fined £6m by the Financial Conduct Authority for failing to ensure advice given to its clients in relation to collapsed investment scheme Keydata was suitable.
That year the network reported losses for 2012 of £9.3m - four times its losses for the previous year.
As part of the new structure, Stephen Gazard will take on a wider remit with responsibility for leading SBG's support for advisers across wealth and mortgages.
He will be supported in running the group's mortgage proposition by Lisa Martin, current director of operations and sales, who will become director of mortgages.
Stuart Davies, Head of member and customer support, will take on a wider remit as director of network operations, working alongside Martin.
Jim Kelly, formerly finance director will take on a new expanded role as the group's commercial director, which will combine his previous duties with responsibilities for legal, customer relations and support in growing the mortgage business.
Steve Cox head of commercial development in the mortgage business will see his role widened across the group.
Julie Sadler will become compliance and risk officer subject to regulatory approval, and Lisa Winnard is HR and business services director.
Alongside Newman, John Cupis, mortgages managing director, Jon Dear, marketing and propositions director and Pan Andreas, wealth management managing director have also left the business.
Dear is now a consultant at adviser body the Personal Finance Society, while Cupis became mortgage director at rival adviser network Openwork.
Cowan said: "We are pleased to welcome David to the Board. His expertise will be valuable to us as we simplify our business model and implement the group's new strategy.
"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."
Further reading:
Positive Solutions re-enters FOS complaints top five
Sesame loses 60% of network advice firms in bid to survive
Aviva: Sesame would be bust without Friends' money
