Sesame, the adviser network arm of Sesame Bankhall group, has reported a loss for 2012 of £9.3m - four times its losses in 2011 - as a provision for a regulatory fine took its toll.
Former Bankhall managing director David Golder will join SimplyBiz in the newly created role of client proposition director next month.
Sesame Bankhall Group (SBG) executive chairman Ivan Martin is leaving after six years with the business, including three as chairman.
Sesame Bankhall has confirmed Barclays has been appointed to review "strategic options" for the group, seemingly confirming industry speculation that parent Friends Life is putting the network up for sale.
Industry insiders have confirmed Friend's Life is touting for bidders for Sesame Bankhall Group as the insurer continues its broader cost-cutting and restructuring plans.
Sesame Bankhall Group (SBG) has added Royal London to its restricted range.
Sesame is to raise its standard fixed fee for the second time in a year following a "multi-million pound" technology investment.
Sesame Bankhall Group (SBG) has appointed Stephen Gazard as distribution director.
Sesame Bankhall Group (SBG) managing director Nick Kelly has left the business in a major reshuffle.
Resolution has confirmed it will make no more acquisitions and abandoned plans to split the Friends Life business after revealing a 58% fall in profits.