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John Cupis joins Openwork after Sesame exit – exclusive

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  • 09/09/2015
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John Cupis joins Openwork after Sesame exit – exclusive
John Cupis has been appointed mortgage director at Openwork following the announcement earlier today that he was to leave Sesame Bankhall Group (SBG) where he had held the position of managing director of mortgages.

His appointment completes Openwork’s move to divide its distribution business into three specialist business units; wealth, mortgage and protection – each with a director responsible for the delivery and control over all elements of the proposition and its distribution.

Cupis (pictured) was head of the mortgage division at Sesame for eight years.

Over that period he oversaw growth which meant Sesame was responsible for one in four intermediated mortgages.

Prior to joining SBG, Cupis worked at Legal and General for eight years where he carried out various senior roles within the business including mortgage propositions director. He remains deputy chairman of the Association of Mortgage Intermediaries (AMI).

Openwork appointed Mike Morrow, formerly of IFA wrap platform Ascentric, as wealth director, and Pat McKenna, head of Openwork’s protection business Owl Financial.

Mark Duckworth, chief executive of Openwork, said: “We are thrilled that John has agreed to join Openwork during this extremely exciting period for the business. John’s experience, expertise and commercial acumen are second to none and his arrival is a major signal of Openwork’s intentions in the UK mortgage market.”

Duckworth said Paul Shearman will continue to be Openwork’s principal liaison with key lenders and to support the growth of the biggest firms. “Together, John and Paul make up the strongest possible team in the mortgage market to develop this critical strand of Openwork’s offering to advisers,” he added.

“With directors now appointed to run all three business units, we are well positioned to develop our distribution proposition and increase our overall profitability from its very solid base.”

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