Directorate Change

RNS Number : 8275D

Alpha FX Group PLC

02 November 2020

 

2 November 2020

Alpha FX Group plc

("Alpha FX" or the "Group")

Directorate Change

Alpha FX Group plc (AIM: AFX), a provider of FX risk management and alternative banking solutions servicing corporates and institutions internationally, today announces that Matt Knowles will be stepping down from his role as an independent Non-Executive Director, in order to take on a more active role with the Group as Strategic Advisor.  The Group will look to appoint a new Non-Executive Director in due course.

Moving forward, Matt will be working with the senior management team for a minimum of one day a week to guide the evolution of the Group with its strategy and ensure the organisation is aligned at all levels.  This will see Matt play a key role in developing the Group's strategic processes and holding the Group accountable to them, as well as testing the Group's assumptions and decision making, while advising on new investments.

Matt has had a significant impact on Alpha since joining in 2018. He joined the Group with a wealth of leadership experience, having previously co-founded HiFX, one of the largest non-bank players in international payments globally.  In his time as CEO, he grew HiFX to over 400 employees across 6 countries, before selling to Nasdaq listed Euronet in 2014.  In addition, Matt has significant investor experience working as a Venture Partner at TempoCap, a late-stage growth investor (VC Fund) investing in disruptive technologies.

Morgan Tillbrook, CEO commented:

"I am very excited to have Matt join us in this capacity and the opportunity for the team and I to work more closely with him.

As a co-founder himself, Matt is an entrepreneur by trade and has a wealth of experience in growing and maturing a business.  His ability to coach, challenge and analyse situations from a broader strategic perspective has been invaluable in the two years I have worked with him.  He also brings with him an abundance of passion and energy and I can vouch first-hand for his ability to develop and elevate people.  As the business' balance sheet strengthens, how we deploy our capital is becoming ever more important and we see Matt as a valuable advisor in testing our assumptions and helping us grow the business in the right way and in the right areas.

Since our IPO in 2017, we've been privileged to be supported by a fantastic team of non-executives and we will look to add another independent Director to replace Matt in due course."

Enquiries:

Alpha FX Group plc    via Alma PR

Morgan Tillbrook, Founder and CEO

Tim Kidd, CFO

Liberum Capital Limited (Nominated Adviser and Sole Broker)    Tel: [phone] 

Neil Patel

Richard Bootle

Kane Collings

Alma PR (Financial Public Relations)   Tel: [phone]

Josh Royston

Helena Bogle

Notes to Editors

Alpha provides FX risk management and alternative banking solutions to corporates and institutions across the UK, Europe and Canada.  Combining leading expertise and technology, the Group partners with a small number of high value clients, to provide enterprise-level solutions across four key areas: FX risk management, international payments, accounts and collections.

Since it was incorporated in 2010, Alpha FX has been able to build and retain a high-quality client base that includes a number of highly respected brands.

 

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