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Nucleus turns to private bank for new CFO

Nucleus, the Edinburgh-based wrap adviser, has lured Doug Heron from private bank Adam & Co to be its new chief financial officer (CFO).

Heron joins the business in January, replacing Aileen Mathieson who leaves next month to join Zurich as chief investment officer.

He will be responsible for overseeing the finance, risk and compliance functions at Nucleus, managing a team of 14 and will report directly to managing director Stuart Geard.

Heron has been finance director at Adam since 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.

He 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.

Geard 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.”

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