Nucleus Financial Group plc announced that on 6th August 2021 it was announced that the recommended takeover offer (the "Offer") by James Hay Holdings Limited ("James Hay") for the entire issued share capital of Nucleus had been declared wholly unconditional. While the Nucleus and James Hay platforms will continue to operate separately for the immediate future, and there is no current change to the operations or services of either, the strategic review will help to inform the creation of a leading financial planning and retirement-focused adviser platform, Having joined the Board of Nucleus earlier this month, Richard Rowney, Group CEO of James Hay, will now assume day-to-day responsibility for the leadership of the enlarged group, comprising both Nucleus and James Hay. Richard will take on the responsibilities of David Ferguson, Nucleus' departing CEO who has decided to move on and pursue other opportunities, after a period of handover. David will be standing down from the Nucleus Board with immediate effect. Richard will be supported by a highly experienced leadership team to take the enlarged group forward: Richard Warner will become Group COO of the combined group. He joined James Hay in November 2020 and has a significant track record of operational leadership, transformation and outsource management. During a 21-year career at Accenture he led one of their largest outsource contracts and was previously COO at LV= where he helped develop it into the UK's most trusted and recommended insurer. Alex Kovach, Chief Commercial Officer (CCO): Alex joined James Hay from interactive investor last year where he led the commercial strategy, including pricing, brand and driving organic growth during a period where AUA grew from £3bn to £40bn. His current distribution, marketing and product development responsibilities will extend to include the whole group, including those areas previously covered by Barry Neilson, the former Nucleus Chief Customer Officer who is leaving. Alison Longbottom, Chief People Officer (CPO): Alison joined James Hay in October 2020 and has been confirmed as CPO for the combined group. Her career spans two decades, incorporating roles in the UK, Europe and Africa across FTSE 250 companies, private equity, B2B and B2G, and unionised manufacturing. These appointments to the leadership team take effect immediately, helping to ensure that while there is no change for the customers of either James Hay or Nucleus, the enlarged group is taking a coordinated and collective approach towards its combined future. Other Executive roles are still being considered and will be announced in due course. Richard Warner, Alex Kovach and Alison Longbottom will not be joining the board of directors of Nucleus.