Nucleus swings to a profit despite AUA fall
As acquisition of Curtis Banks nears completion
As acquisition of Curtis Banks nears completion
Parmenion intermediary distribution head Laura Barnes takes up the role
But there is no guarantee that an offer will be made
Private equity acquirer also holds a 22% share in Canaccord Genuity Wealth Management UK
Three private equity firms are also reportedly circling the platform
But newly enlarged platform to keep the Nucleus branding
Comes weeks after reports that Nucleus staff were unhappy with the original offer over fears of staff cuts
Employees fear there will be a large number of jobs losses after acquisition completes
Combined business will have around £45bn of assets under administration
Leaving James Hay as the last firm in the running for the London listed platform
Majority shareholder Sanlam UK is said to be supportive of the discussions
Anthony Cross’s team has previously touted platform’s strong distribution network