Nucleus  

Nucleus senior staff exits grow as it looks to fill 30 roles

Nucleus senior staff exits grow as it looks to fill 30 roles
Kelly L/Pexels

Nucleus said farewell to 10 senior employees last week as the business looks to fill a further 30 roles by year end.

The latest departures, five of which are new and five have been previously reported, gathered in Edinburgh’s Bier Keller on June 23 to say their goodbyes.

The latest departures included product manager Alexander McGregor, people partner Samantha Robinson, agencies support manager James Spence, CASS technical manager Derek Walker, and office manager Ann Enneguess.

Nucleus told FTAdviser it employs some 623 employees at present - up by 25 people on last year’s employee total of 598.

It is currently recruiting for around 30 roles which it intends to fill by the end of 2022.

A spokesperson for Nucleus said: ‘We do not comment on individual staff departures. However, for context [...] when two businesses come together and an organisation goes through a period of significant change, it’s very common for some people to decide to move on.

“Especially if they have been there for a long time - and of course we wish them well.’

The other five departures previously reported included market insight manager Geoff Taylor,  product manager Silvia Losana, business intelligence and data architect Ales Hejmalicek, technical business analyst Ross Thomson and financial crime lead and deputy money-laundering reporting officer, Leanne Penny.

A number of Nucleus employees have left the company since the £145mn James Hay takeover in February 2021 with the firm’s founder, David Ferguson, among them.

Earlier this year, Nucleus accused rival platform Novia of “aggressively” recruiting its staff after it lost four employees to the company over a 12-month period.

The business also lost its chief people officer Kirsty Lynagh to Seccl, the business Ferguson now heads up. 

Since the platform’s change in ownership, Nucleus’ strategy has been to focus on achieving scale with chief executive Richard Rowney saying a bigger platform will be able to offer a better service to advisers. 

The company has also focused on the FNZ migration of James Hay clients - with Nucleus clients to eventually follow. 

ruby.hinchliffe@ft.com