Sesame Bankhall is planning a new investment platform to fill the gap left by Bankhall's Portavista which closed earlier this year.
Launched back in May 2008, Portavista was forced to close as Capita stopped supplying the Enabler technology backing the platform.
Stephen Young, currently chief operating officer at Sesame Bankhall, will now head up a new unit focused on delivering a range of new business initiatives, including an investment platform to be unveiled later this year.
He will be replaced as COO by George Higginson who will join Sesame Bankhall in early 2011 from his previous role at Intrinsic, where he was one of the founding directors, as well as the chairman of the Mint IFA Network.
Higginson will lead the operating businesses of Sesame, Bankhall and PMS with a focus on developing the group's response to RDR.
Meanwhile, Keith Gilmour will be joining as business development director from rival Positive Solutions where he was marketing director.
He will help drive forward and promote Sesame Bankhall's growing range of services for members. Gilmour will join Sesame Bankhall in October and will be a member of the executive committee reporting to Higginson.
Ivan Martin, Sesame Bankhall group's executive chairman, says: "The formation of Sesame Bankhall Group has been followed by a successful period of integration with all three of our market leading brands - Sesame, Bankhall and PMS - now trading profitably. We must continue to build on that success, whilst looking towards a future landscape that is undergoing huge regulatory and social change."
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till