Network Sesame Bankhall has announced a raft of management changes which will see group managing director Martin Shultheiss leave the business after only a year in the role.

It’s the second major senior management reshuffle for Sesame Bankhall in less than a year.

A year ago Mr Schultheiss moved from chief operating officer to the new expanded role of group managing director, reporting to SBG executive chairman John Cowan who will remain in his role.

The key changes in the latest reshuffle are:

·         Stephen Harris will join Sesame Bankhall Group from Aviva as chief financial officer 

·         Jim Kelly moves from group finance director to group business development director

·         Group managing director Martin Schultheiss will leave

Mr Schultheiss said: “I am very proud of the progress that SBG has made during my time with the group and I would like to thank my colleagues for their support.

“SBG has three excellent advisory brands and I am leaving the group in the sure knowledge that both its members and staff can look forward to exciting times ahead.”  

Both Stephen Harris and and Jim Kelly will report directly to SBG executive chairman John Cowan.

Bankhall & PMS managing director Ross Liston, who joined SBG in November 2018, along with Sesame managing director Richard Howells, who joined the group in April 2019, will now also report into Mr Cowan.

SBG’s new chief financial officer Stephen Harris is a chartered accountant with more than 20 years’ experience in financial services. He began his career at PwC, and has also held senior finance positions at Legal & General and Friends Life. In his new role he will also become a member of the SBG Board.

Mr Cowan said: “Today’s announcement is a further important step in the evolution of SBG and I am very pleased to welcome Stephen Harris, who brings huge industry experience.

“In the past 12 months we have significantly bolstered our senior leadership team, with our two new managing directors, Ross Liston and Richard Howells, also joining. This is enabling SBG to sharpen its strategic focus across our three advisory brands – Sesame Network, PMS Mortgage Club and Bankhall.”