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Nucleus appoints technical director

Nucleus Financial Group, the IFA-owned wrap platform is appointing Andrew Smith as chief technology officer.

Smith was previously vice president of development and operations at Thomson Financial where he managed the global securities division.

In his new role, Smith will be responsible for the infrastructure and proposition delivery and process design of the platform and will report to chief executive David Ferguson. His appointment follows that of Neil Howitt who joined Nucleus in June as chief financial officer.

Commenting on his new role Smith says: “My challenge is to provide a seamless experience for those advisers who are using the Nucleus platform. Ultimately, we are looking to offer a simplistic and user friendly process that until now has eluded this market.”


Down but not out

Investor pessimism over the performance of equity markets is at its highest level for the past decade, according to a Merrill Lynch survey of global fund managers in June. Negative sentiment towards equities is higher than at any time between March 2000 and March 2003 when the decline in global stocks was steeper. It is likely that the second half of this year will be challenging but there are grounds for that thinking there will be selective opportunities to make healthy returns.


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