The platform technology provider and Octopus-owned fintech Seccl has hired former Nucleus CEO David Ferguson as its new CEO.

David Ferguson, CEO and founder of adviser platform Nucleus, is to step down from the company following its takeover by rival James Hay.

Nucleus, the adviser-built wrap platform, announced record profits in its financial results for the year ended 31 December 2017.

Wrap platform provider Nucleus has triumphed at this year’s Scottish Financial Services Award 2017, winning the top trophy.