The managing director of Sesame Bankhall Group is stepping down from the role after one year amid a management reshuffle.
Martin Schultheiss will be leaving the company after almost two years, 12 months of which were spent at its helm where he was tasked with writing "the next chapter in the future success" of the intermediary business.
It is not known why Mr Schultheiss is leaving Sesame Bankhall Group but after his departure the role of group managing director will no longer be part of the company's executive team.
John Cowan, executive chairman of Sesame Bankhall Group, said: "On behalf of the group I would like to thank Martin for his hard work and contribution during his time with SBG. His energy and commitment have helped to move the Group forward and we wish him well for the future.
"Martin will continue to support the business over the weeks ahead as we transition to the new executive team structure."
Mr Schultheiss first joined the company in January 2018 as strategic implementation director, but moved to the newly created role of chief operating officer in May last year and then to group managing director in November.
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."
The group's brands include appointed representative network Sesame, mortgage club PMS and support services business Bankhall.
As part of the changes to its executive team Sesame Bankhall Group has appointed Stephen Harris as chief financial officer, with current group finance director Jim Kelly moving to the role of group business development director.
Mr Harris joins from Aviva where he worked for seven years across a range of senior finance roles, and both he and Mr Kelly will report to executive chairman Mr Cowan.
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.
"SBG is strongly positioned for the future and the appointment of Stephen as our CFO is an important addition, alongside Jim’s new business development role, as we invest further and roll-out our next generation of adviser services."
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