Platform group Nucleus Financial Platforms has appointed FNZ chief financial & commercial officer Andrew Ring as chief financial officer, subject to regulatory approval.

Mr Ring will join the firm in September and also join the group’s board.

He replaces Alan McDonald, who has been interim CFO at Nucleus since the end of last year and will remain in the role until Mr Ring starts.

Mr Ring has two decades experience working across the financial services sector and a proven track record of operating as a chief financial officer.

Before being appointed chief financial & commercial officer for platform engine FNZ in the UK, Middle East and Africa, he was CFO for the firm’s UK business.

Prior to joining FNZ he was group finance director at Hitachi Capital UK and spent eight years at Barclays Group where he ended up as finance director for its UK Corporate Banking division.

Richard Rowney, Nucleus group CEO, said: “Andrew is an accomplished finance leader with the skills and acumen that will make a real difference to Nucleus and our ambitious team.

“We continue to invest heavily in our proposition and service to drive better outcomes for our customers. Having someone of Andrew’s calibre will help steer our business as we grow and transform in the years ahead.”

Her thanked Alan McDonald “for his leadership as Interim CFO. I’ve thoroughly enjoyed working with him and wish him well for the future.”

Andrew Ring said: “What Richard and the wider Nucleus team are building is one of the success stories of the sector, a scale leader that’s sustainably profitable and delivering for its stakeholders. I look forward to getting started and to playing my part in helping drive the next phase of its journey.”

Nucleus Financial Platforms currently has more than £99bn of assets under administration for 230,000 customers and owns a number of subsidiaries including James Hay, Nucleus, Third Financial and SIPP provider Curtis Banks, a recent acquisition.