Nucleus continues building board strength with additional appointments
Nucleus Financial Platforms Group (“Nucleus”) one of the UK’s leading, independent, adviser platform groups, has announced the appointment of two new independent non-executive directors (NEDs). Judith Davidson and Richard Hoskins will soon join the Nucleus board, subject to regulatory approval.
Judith Davidson is the former Chief Operating Officer and Executive Director of IntegraFin, which owns and operates award-winning investment platform Transact. During her 11-year career at Transact, Judith was responsible for the organisational processes and customer centric culture, that helped to drive strong organic growth in customer flows and facilitate the development of the business.
Richard Hoskins will join the board as chair of the audit committee. Richard has extensive experience as a non-executive director at Liberty Mutual, Aztec and BGL Group, and as a senior executive at Hastings, Aviva, AIG and Old Mutual. With a career spanning almost 40 years, Richard brings a proven CEO and CFO track record for multiple blue-chip organisations, and deep expertise in financial services – particularly in insurance services and asset management.
In addition, remaining on the Board and as chair of the risk committee, Kathryn Purves will also now take on the role of senior independent director. Kathryn served as Chief Executive Officer of IFG plc, the listed financial services parent company of what was James Hay Partnership and Saunderson House, Chief Risk Officer of Partnership Assurance Group plc and worked within the private equity industry for a number of years.
Richard Rowney, Chief Executive Officer of Nucleus, said: “We’re delighted to welcome our new non-executive directors to the board, with each bringing a wealth of insight and expertise. I’d also like to congratulate Kathryn on moving to be our senior independent director.
“This is an exciting and pivotal time for Nucleus, and we now have all the ingredients in place to drive our ambitious agenda forward. The calibre and experience of our new board members will be a huge advantage and the appointments also mean that we will have greater gender balance, enhancing the diversity of thought, perspectives and skillsets required to guide and oversee the next chapter of our growth.”
Nucleus also recently announced the appointment of Gordon Wilson as incoming chair. Gordon previously chaired Interactive Investor, one of the UK’s largest direct to consumer investment platforms with AUA of almost £55bn, until its successful sale to abrdn earlier this year. His 30-year executive career includes the President and CEO of Travelport, one of the world’s leading travel commerce platforms which he took public on the NYSe in 2014 and then sold to private equity in 2019. He also chairs Ambassador Cruise Line and Virgin Experience Days and served as a non-executive director at William Hill PLC until its successful sale to Caesars Entertainment in 2021.
Nucleus is one of the UK’s leading independent retirement-focused platforms, operating from offices in Edinburgh, Glasgow, London, and Salisbury. The business administers approximately £46 billion* of customer assets across self-invested personal pensions, individual savings accounts, general investment accounts and other products, for over 5,000 financial advisers and serving more than 160,000 underlying customers across the UK.
Since the creation of the combined group, the development of a new retirement platform has started. The business’ combined scale, and the profitability that comes with it, is enabling it to invest in products, price, and service. To date, £5 million has been invested in improving service and technology and a further the £6 million committed to a roadmap of enhancements.
You can download a PDF of the Press release here
Enquiries:
Victoria Webb
Head of Public Relations for Nucleus
E: newsroom@nucleusfinancial.com
Notes to editors:
The Nucleus Financial Platform Group offers investment platforms that help make retirement more rewarding. Our two platforms are run exclusively for financial advisers, with over 160,000 UK customer.
Renowned for its SIPP expertise, James Hay Partnership has been working with larger financial advisory groups for more than 40 years, providing the means to administer pensions, savings and investments in a cost and tax efficient way.
Our award-winning platform Nucleus was acquired by James Hay in September 2021. It was founded in 2006 by advisers committed to altering the balance of power in the industry by putting the customer centre stage.
Nucleus is the name of the combined business and together it’s already one of the UK’s leading, independent, adviser platform groups, with approximately £48bn* in assets under administration. To find out more visit: www.nucleusfinancialplatforms.com
* As at as at February 2022 – Fundscape Q1 Platform Report