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Former Sesame boss Higginson joins RBS

Former Sesame boss Higginson joins RBS

Former Sesame Bankhall chief executive George Higginson has joined RBS and Natwest’s mortgage business.

Mr Higginson left Sesame Bankhall with finance director Paul Hooper in January 2014 as part of a management shake-up.

RBS said Mr Higginson would play a “key part” in it becoming the “number one choice” for brokers and customers.

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Lloyd Cochrane, RBS director of mortgages and protection said: “We are delighted to have George joining the team.

“His wealth of knowledge of the broker market in particular will be invaluable in helping us achieve our ambitious plans to continue growing our business.”

In a statement RBS said Mr Higginson would bring his experience to the cross-functional team that is designing and delivering changes across the bank’s end-to-end business.

Background

In 1994 Mr Higginson set up Union Square Financial Services, tied to Allied Dunbar.

He was a founding director of Intrinsic in 2005 before joining Sesame Bankhall group in 2011 as chief operating officer.

A few months after joining he was promoted to chief executive, and was at the head of the company when the FCA fined Sesame £6m for failings over Keydata.

Sesame’s owner Friends Life launched a strategic review of the business in 2013 which has led to the AR network closing down.

In October 2014 the network was fined £1.6m for ‘pay to play’ arrangements which occurred while Higginson was chief executive.