Sesame has said it will close its Cheltenham office by August 2015. Its offices in Altrincham, Birmingham and Huddersfield, however, will remain open.
“Our proposed organisational changes included a reduction in our UK offices from four to three,” said a spokesperson from the Sesame Bankhall Group.
Around 30 people are currently based at the network’s Cheltenham office and are all undergoing consultations about the impact of the office closure on their roles. This includes exploring alternative options, such as relocating some staff or allowing them to work from home.
In April, the firm announced it was scrapping its network for investment advisers as part of a “strategic review”, a move which it hopes will help return the business to profit. The closure will not impact on the business’s mortgate division.
The following week, letters were sent to members of the firm outlining the options available to them. Members were also advised they would need to make a decision before 31 July.
