Treasury appoints Nucleus chief to government role

Treasury appoints Nucleus chief to government role

Nucleus chief executive David Ferguson has been appointed one of the government’s fintech envoys for Scotland.

Louise Smith, head of design in personal and business banking at the Royal Bank of Scotland, has also been made an envoy.

Together they will look to build regional and national financial technology networks and foster a culture of collaboration to help grow the industry in Scotland.

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Simon Kirby, economic secretary to the Treasury, said: “I’m delighted that David and Louise have agreed to become the government’s fintech envoys for Scotland.

“Their in-depth knowledge of the industry and excellent reputations make them the right people to drive forward positive change and allow Scottish fintech to flourish.”

On his first trip to Edinburgh today, Mr Kirby will visit Nucleus to sign the terms of reference with the new fintech envoys and discuss the needs of the Scottish fintech industry. 

Mr Ferguson said: “It is a great privilege to have been picked to help support the continued growth of fintech in the UK.

“Over 10 years ago we embarked on our mission to challenge the established industry. 

“With technology and transparency at the heart of our thinking, we've been fortunate enough to become a successful and profitable player in what we now call fintech.

“One of the hardest things to get right is balancing the responsibilities of looking after people’s money with the agility of the tech sector while also making money and I'm very excited to see how we can help others strike the right balance over the coming years.”

Mr Ferguson has been chief executive of Nucleus since 2006.