NoviaMar 28 2023

Barry Neilson to leave Novia after a year

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Barry Neilson to leave Novia after a year

Novia’s chief commercial officer Barry Neilson will be leaving the company in the summer after joining a little over a year ago.

Neilson joined Novia in March 2022 after spending 11 years at Nucleus where he was chief customer officer.

Before entering the world of wrap platforms, he worked with advisers in a range of senior sales and proposition roles at F&C Investment.

Neilson said: “Since joining at the start of 2022, I’ve been fortunate to see the business take several significant steps forward in terms of the people it hires and our proposition to our adviser users. 

“I leave with the confidence the business is in better shape than ever before with the people and plans in place to push on from here.”

Patrick Mill, chief executive of Novia, said: “Barry has been a valuable member of the leadership team since joining at the start of last year. 

“In that time, he has played a pivotal role in the way the business has evolved, both in terms of the talent we have been able to attract to the business and the many changes we are making to our service model and tech proposition.”

Novia was bought by private equity firm Anacap in 2021 and since then has made a number of changes to the team.

In November, Novia’s chief operating officer Lynzi Harrison resigned with immediate effect amid an overhaul of the adviser’s platform operations team.

Following Novia’s acquisition by Anacap, a dozen executives left the platform alongside its founder Bill Vasilieff.

Mill, who previously led Wealthtime - another of AnaCap’s recent acquisitions - took over from Vasilieff in May 2021.

Last year, Mill said platform provider’s executive overhaul was necessary to take the business “to the next stage of evolution”.

amy.austin@ft.com