Capital’s Nucleus appoints NED

Nucleus Financial Group, the Edinburgh-based fintech business, has bolstered its board with a key non-executive appointment.

Alfio Tagliabue, who has been the chief executive of Sanlam Investments UK since 2017, is taking up the non-executive directorship with immediate effect.

Tagliabue also covers strategic initiatives within Sanlam UK, having previously joined the firm in 2016 as chief financial officer. His previous roles include group chief financial officer at Ashcourt Rowan, 12 years as a board-level consultant to the asset and wealth management industry and engagement director at Mars &Co. Meanwhile, Nucleus revealed that Jeremy Gibson, one of the two board appointees pursuant to the relationship agreement with majority shareholder Sanlam UK, had resigned as a non-executive director with Tagliabue filling his position as Sanlam UK nominee.

Tagliabue will be a member of the risk committee and the audit committee at Nucleus, which was set up with the backing of a number of financial advice firms in 2006 and has developed software platforms that enable financial advisers to provide online access to clients for investments across ISAS, pensions and bond accounts.

Chairman Angus Samuels said: “Alfio brings strong financial experience and an extensive knowledge in the asset and wealth management industry. Alfio will be a valuable adviser and contributor to both the board and the Nucleus business and we all very much look forward to working with him.”

Nucleus recently said that its assets under administration had passed through the £16 billion mark after seeing a “marked improvement” in fund inflows.

The “wrap platform” provider said it had delivered a solid performance against a backdrop of “investor uncertainty”.