Nucleus Financial Platforms, one of the UK’s independent, adviser platform groups, has announced the appointment of two new Non-Executive Directors (NEDs) to its board.
Cathryn Riley, who started on 1 May, will “chair the remuneration committee, and Clare Bousfield will join on 1 July and chair the risk committee.”
They replace Judith Davidson and Kathryn Purves respectively. The appointments are “subject to regulatory approval.”
Cathryn Riley is said to be “an experienced non-executive director and committee chair with extensive UK and international experience, serving on a number of different boards across the financial services industry in both public and private markets.”
She’s currently a board member “at the Financial Services Compensation Scheme and Liberty Managing Agency. Former NED roles have included AA Insurance Services Limited, the AA PLC, Chubb European Group Limited, International Personal Finance PLC and Equitable Life Assurance Society.”
With an executive career spanning more than 30 years, Cathryn has “broad experience working in senior functional and commercial roles. She spent 17 years with Aviva where, in her final role as Group Chief Operations Officer, she was responsible for IT, Business Change and Operational Shared Services. Prior to this she was Group Chief Information Officer. She has also held key executive roles at BUPA, PWC and British Airways.”
Clare Bousfield is also “an experienced non-executive director and committee chair, currently chairing Audit and Risk for IVC Evidensia, and also recently joined the board of BUPA Ltd. Previous NED roles have included RSA Insurance Group PLC and Pacific Life Re Ltd.”
In her executive career Clare “was CEO for M&G retail and savings businesses and prior to that CFO with M&G plc, CFO with Aegon UK and also held a number of senior roles with Swiss Reinsurance. Clare is an Advisory Member at Fintech Growth Fund and Deputy President at the Association of British Insurers.”
Gordon Wilson Chair at Nucleus said:
“We are delighted to welcome Cathryn and Clare to our Board. The depth and breadth of their experience, as both executives and as NEDs, will help us to deliver our strategy and drive the business forward as we continue to invest in our propositions and service, and develop our new retirement platform. Both share the same relentless focus on driving great customer outcomes and understand how developing our people and technology, aligned to operational excellence, are central to our ongoing success. We’ll hugely benefit from having two people of such calibre join our board.”
As noted in the update:
“I would also like to thank Judith and Kathryn for their contribution to the group’s development. We’ve benefited from their counsel during what has been an exceptionally busy chapter in our growth, including the acquisition of Curtis Banks at the end of last year and most recently Third Financial. Kathryn’s long association with James Hay’s previous parent company, and latterly as our senior independent director, and Judith’s oversight of consumer duty for the last eighteen months, have been greatly valued.”
As covered, the Nucleus Financial Platforms group “offers investment platforms and products exclusively to financial advisers, that ultimately help make retirement more rewarding.
Renowned for its SIPP expertise, James Hay Partnership has been working with larger financial advisory groups for more than 40 years, providing the means to administer pensions, savings and investments in a cost and tax efficient way.”
Nucleus was founded in 2006 by advisers committed “to altering the balance of power in the industry by putting the customer centre stage.”
