Sesame confirms Barclays to review options

Sam Cordon

February 12, 2013

In a statement released by the group it confirmed that Barclays Capital had been appointed but that work was at an early stage.

It read: “SBG has a strong long-term commitment to providing its members with valuable support to help them deliver the right outcomes for customers. Over the last two years SBG has unveiled a new broader range of propositions in areas including wealth management, restricted advice, adviser technology, mortgages and general insurance.

“These developments have helped SBG to strengthen its position as the UK’s largest financial services group for professional advisers, with continued growth in revenue, adviser productivity and new members.”

Last week Mortgage Introducer reported that Barclays Investment Bank had been appointed by Friends Life, the insurer which owns Sesame Bankhall Group, to look at sale options for the mortgage network.

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