Nucleus hires managing director
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Nucleus has bolstered its senior management team with the appointment of John McNeil as managing director.
McNeil will form part of a five-strong executive management team, which reports directly to chief executive and founder David Ferguson (pictured).
Prior to Nucleus, McNeil worked at OPTOS plc, a retinal imaging company, where he had held a number of roles at since joining in 2005. He was involved in the company’s initial public offering, which raised £50 million in primary and secondary proceeds, and admission to trading on the main market of the London Stock Exchange in February 2006.
McNeil has been company secretary to OPTOS plc since 2008.
Ferguson says: “It gives me great pleasure to confirm the expansion of the senior management team with someone of John’s calibre, which is aligned to support our continued growth. He has a wealth of experience of working at forward-thinking organisations in a range of regulated industries and sectors, which I believe will bring tremendous benefits to the business as we continue to build on the huge success we have experienced to date.”
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Readers' comments (5)
Ned Naylor | 16 Jan 2012 12:12 pm
I will assume that with his background on retinal imaging, he will be able to see better into the future than those in our industry who have to deal with the public.
Not meant as a criticism, I am sure he is perfectly able, but do we not have experienced financial services professionals who would have more knowledge about the industry and platforms?
Weird appoinment if you ask me!
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snooks | 16 Jan 2012 12:18 pm
IPO expertise Ned
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Anonymous | 16 Jan 2012 12:33 pm
John McNeil sounds like as good a candidate as anyone else for the role so good luck. An IPO at a time when profits within a group are non existent, markets are turbulent and growth is poor would be suicidal. IPO for a quick win director sell out sounds more like the deal so look out all clients and advisers that have pushed their well earned cash into Nucleus. L&G buyout perhaps....
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Bert Poppins | 16 Jan 2012 2:46 pm
I think this is a good appointment. You only have to look around the problems in the financial services industry to realise that there is a shortage of good quality of senior management capable of running larger businesses. This is less about the technical detail and more about standard business practices.
If you look out into the real world, there are plenty of examples of businesses that are "run" by business people but "built" by the technical founder.
A very good move if you ask me and one in which life companies, platform providers should follow. How many of these are run by people who have simply been good broker consultants in the past? That doesn't give you the skills to manage a large P&L and position a business for sale etc.
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David Ferguson | 16 Jan 2012 3:36 pm
@Anonymous - aside from your opening comment your conclusions are remarkably wide of the mark. I've invested 14 years of my life into this and you can be assured that a quick sell out is the last thing on my mind. There's too much still to be done.
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