Nucleus, the adviser-focused wrap, has announced that Doug Heron from Scottish private bank Adam & Co will be its new chief financial officer (CFO).

Mr Heron, who formally joins the business in January, will be responsible for overseeing the finance, risk and compliance functions at Nucleus, managing a team of 14. He will report directly to managing director Stuart Geard.
He joins Nucleus from Adam & Company, a Scottish private bank, where he was appointed finance director in 2009. Prior to that he held a number of senior finance roles in RBS, including head of finance for its private banking division and in an international capacity as deputy CFO for a partnership business between RBS and Bank of China which saw him relocate to Beijing between 2005 and 2008.
Mr Heron holds professional qualifications from the Chartered Institute for Securities & Investment and Chartered Institute of Management Accountants and is a graduate of the University of Glasgow.

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Stuart Geard, managing director of Nucleus, an IFP Corporate Member, said: "With the business extremely well positioned for future growth, it is vital we have people on board who are both hugely talented and have the vision and drive to help us achieve our potential. While we were very impressed by both the quantity and quality of people interested in joining Nucleus for this role, in Doug I believe we have found someone who not only shares our passion for the business but has the skills and ambition to ensure it is able to meet its objectives in the coming years."
Mr Heron said: "I am delighted to be joining Nucleus at this exciting point in the journey to becoming the wrap platform of choice for advisers who share their ethos of client-centricity and transparency. As well as achieving impressive growth in platform assets since 2006 and delivering valued support for the advisers in the Nucleus community, the leadership team have been successful in establishing a rewarding culture for employees, at the heart of which are values that promote innovation and client focus."