- Nucleus Financial Group has entered into a binding agreement to acquire the UK business and assets of Genpact Wealth Management UK Limited
- In November 2018 Nucleus unbundled its technology arrangements from OpenWealth, contracting directly with Bravura Solutions (UK) Ltd
- The acquisition is the next step in the Company’s journey to have increased control over its processes
- Based in Glasgow, OpenWealth has provided business process outsourcing (BPO) services to the Company since 2011
- The board of Nucleus believes that the Acquisition of the assets that pertain to Nucleus will allow the Company to further accelerate its product development
- The acquisition expected to be earnings enhancing in 2021 before becoming increasingly accretive thereafter
