Nucleus  

Nucleus promises tech boost with new hire

Nucleus promises tech boost with new hire

Nucleus is looking to develop its technology capacity by hiring a head of product development.

Sam Hampton-Smith will be responsible for leading the development team at Nucleus, managing regular software releases and upgrades, as well as handling the technical design and testing of new functions.

He said: "Financial services has often been criticised for being slow in implementing technology solutions that make things easier for both their customers and themselves.

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"However, I am really looking forward to joining a company that not only understands this importance, but is also trying to use it to improve the customer experience."

Mr Hampton-Smith has joined Nucleus from Edinburgh-based cybersecurity firm ZoneFox, where he was head of engineering and of user experience.

Andy Smith, the platform's chief technology officer, said: "This hire reinforces our desire to build a robust proposition that makes it easier for advisers and their clients to manage their finances.

"We fully expect to be increasing the headcount in our technology team over the coming months as it has now become such an important aspect of any business, let alone for financial services firms.

"Sam has a huge amount of fintech experience, and coupled with the strength we already have in the team, we have a real opportunity to continue building on and improving the proposition."

Earlier this year Nucleus, which is part-owned by advisers, floated on the London Stock Exchange with a £150m valuation.

As of the end of December 2017, assets under administration on its platform were £13.6bn.

damian.fantato@ft.com