Nucleus chief appointed FinTech Scotland’s inaugural chairman

Press Release | Nucleus

FinTech Scotland has appointed Nucleus founder and chief executive David Ferguson as the first chair of its board.
The appointment was confirmed this week at the joint Scottish Government and Financial Services Advisory Board (FiSAB) meeting chaired by the First Minister, Nicola Sturgeon and Chair of Scottish Financial Enterprise and CYBG, Jim Pettigrew.
Ferguson was appointed by The Treasury in December 2016 as one of two regional fintech envoys for Scotland with a remit for building regional and national networks which seek to ensure a greater level of co-ordination and collaboration between fintech companies, government, investors and regional fintech hubs.
FinTech Scotland was set up by the Scottish government, the financial services sector and the University of Edinburgh to ensure Scotland seizes the opportunities fintech has to offer. Its ambition is to make Scotland a top five global fintech centre by 2020.
Alongside Ferguson’s appointment, FinTech Scotland announced it is also working with five global strategic partners to support the fintech ecosystem in Scotland. These partners are professional services firm Deloitte, law firm Pinsent Masons, tech giant IBM, international digital media and marketing agency Dentsu Aegis Network, and fintech firm Sopra Steria.
Speaking about his appointment, David Ferguson, founder and chief executive of Nucleus, said: “It is a great privilege to have been appointed as chair of the FinTech Scotland board. Fintech is a fantastic opportunity for Scotland and I am excited to build on the great strides we have recently made to position ourselves as a global leader.
“The country should have a bright and prosperous fintech future ahead of it and I am greatly looking forward to helping Stephen and the team drive the sector forward and deliver meaningful action to help both start-ups to flourish and the more substantial financial services establishments to modernise.”
FinTech Scotland chief executive Stephen Ingledew commented: “It was essential for us to have a highly respected fintech leader chairing our board and David, who has built one of the most successful businesses in the country managing over £14 billion on their wrap platform, ticked all the boxes and more.”