Nucleus Financial Platforms Group one of the UK’s leading, independent, adviser platform groups, has announced the appointment of Gordon Wilson as its new Chair, subject to regulatory approval.
Gordon also chairs Ambassador Cruise Line and Virgin Experience Days, and previously chaired Interactive Investor, one of the UK’s largest direct to consumer investment platforms with AUA of almost £55bn, until its successful sale to abrdn earlier this year.
His 30-year executive career includes the President and CEO of Travelport, one of the world’s leading travel commerce platforms which he took public on the NYSe in 2014 and then sold to private equity in 2019. He also served as a non-executive director at William Hill PLC until its successful sale to Caesars Entertainment in 2021.
Richard Rowney, Chief Executive Officer of Nucleus, said: “It’s a pleasure to welcome Gordon to the board. His considerable experience and knowledge will be of great advantage to us, as we continue to grow and scale our business.
“I also thank our outgoing chair Mark Dearsley for his tremendous support, counsel, and expertise over many years, helping steer the business from the IFG ownership days through to the position we’re in today.”
Gordon Wilson added: “I’m delighted to be taking up the role of chair at a pivotal time for Nucleus as we grow the business and develop a new retirement platform on new technology. It has a unique opportunity to become one of the scale leaders in the sector, while delivering against the priorities of advisers through investment in the proposition, pricing, and service. “
Nucleus is one of the UK’s leading independent retirement-focused platforms, operating from offices in Edinburgh, Glasgow, London, and Salisbury. The business administers approximately £46 billion* of customer assets across self-invested personal pensions, individual savings accounts, general investment accounts and other products, for over 5,000 financial advisers and serving more than 160,000 underlying customers across the UK.
Since the creation of the combined group, the development of a new retirement platform has started. The business combined scale, and the profitability that comes with it, is enabling it to invest in products, price, and service. To date, £5 million has been invested in improving service and technology and a further £6 million committed to a roadmap of enhancements.