Samuels, who has been a non-executive director at Nucleus since 2006, has over 30 years of experience in the UK financial services industry.

A former chief executive of Credit Suisse Asset Management, he is currently chairman of Punter Southall Group. He also holds a number of non-executive directorships including PSigma Investment Management and Sanlam UK.

“Paul Bradshaw was a hugely influential figure who will be dearly missed by all who knew him and he has left some big shoes for me to fill,” Samuels said.