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Alliance Trust hires Nucleus operations director

Alliance Trust hires Nucleus operations director

Alliance Trust Savings has appointed Jeff Spence as operations director of the firm.

He will join Alliance Trust Savings from Nucleus, the adviser owned wrap platform, where he was wrap operations direction, responsible for internal and outsourced operations.

Mr Spence has more than 25 years of experience in the financial services industry and prior to Nucleus he held roles at both Standard Life and IFDS.

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He takes over from Elaine Maddison who was appointed to the role of strategy director earlier in the year to lead the successful acquisition of Stocktrade, and will join the executive team of ATS to help to develop the business in the UK platforms market.

The scale and rate of growth at ATS has increased following the acquisition of Stocktrade, and the deal has the potential to add more than 48,000 new customers and £4.6bn of new assets into ATS across three main channels: direct, intermediaries and strategic partnerships, making a combined business of over £11.5bn.

Mr Spence and the team will continue to combine Stocktrade with the ATS platform, which will provide all customers with access to a high quality online automated platform.

Patrick Mill, managing director of Alliance Trust Savings said: “Jeff will be responsible for the operations of the business and will play a major role in the continued growth of ATS in the platform market.

“Jeff’s wealth of experience in the platform market will help us drive the company forward. Jeff will work with the team to focus on our aim of driving growth organically and profitably through the three main channels.”

ruth.gillbe@ft.com