TIDMAFM
RNS Number : 2829H
Alpha Fin Markets Consulting plc
23 November 2022
23 November 2022
Alpha Financial Markets Consulting plc
('Alpha FMC', 'Alpha', the 'Company' or 'Group')
Chief Executive Officer Succession
The Board of Alpha FMC (AIM: AFM), a leading global provider of
specialist consultancy services to the asset management, wealth
management and insurance industries, announces that Euan Fraser,
Chief Executive Officer, has notified the Board of his intention to
step down as Chief Executive Officer and from the Board on 31 March
2023. Following this, Euan has agreed to remain with the Group as a
Strategic Adviser.
The Board is also very pleased to announce that Luc Baqu é ,
currently Global Head of Asset & Wealth Management Consulting
at Alpha, will succeed Euan as Chief Executive Officer with effect
from 1 April 2023.
Luc, aged 46, joined Alpha in 2010 to create the Paris Office.
He became Head of Europe in 2016 and Global Head of Asset &
Wealth Management Consulting in 2020. Luc has more than 20 years of
industry experience. Prior to joining Alpha, he spent five years
with UBS in Paris as head of change management and six years with
Solving International, a strategy management consultancy,
specialising in Financial Services.
Commenting on the Board changes, Ken Fry, Non-Executive
Chairman, said:
"Euan has been instrumental in the success of Alpha since he
joined the business in 2004 and became Chief Executive Officer in
2013. During that time, the business has expanded into one of the
leading global asset and wealth management consultancies. We are
therefore very grateful for his strong and effective leadership and
are delighted that he has agreed to stay on as a Strategic
Adviser.
We are equally delighted to appoint Luc as the new Chief
Executive Officer. Since becoming Head of Asset and Wealth
Management in 2016, the division has experienced exceptional
growth. As a key member of the executive team, he has made a
significant contribution to Alpha and the Board is confident that
he will continue to drive the business forward in the years
ahead."
Euan Fraser, Chief Executive Officer, said:
"It has been a privilege and a pleasure to lead Alpha and to
work with such a fantastic team of passionate and committed
individuals. I am also extremely grateful for the support I've
received from shareholders and from the Board over the years. The
business is in great shape and well-placed for continued growth. I
am delighted to remain with the Group as a Strategic Adviser and
look forward to working with the Board, Luc and the leadership
team."
Luc Baqu é , Global Head of Asset & Wealth Management
Consulting, said:
"It is a privilege to take on the role of Chief Executive
Officer at Alpha and to build on the successful strategic
development of the Group. With such an outstanding group of
employees, I look forward to our continued success, for our
clients, employees and shareholders."
Additional disclosures
As at the date of this announcement, Luc Baqu é has a beneficial
interest in 1,568,929 ordinary shares in the Company. In the last
five years, he has been a director of the following companies:
Company Appointed Resigned
Alpha Technology Services 24 January 2020 31 July 2021
SAS
----------------- ----------------
Alpha Financial Markets Consulting 27 July 2010 19 July 2021
SAS
----------------- ----------------
Alpha Financial Markets Consulting 19 June 2020 -
(Luxembourg) SA
----------------- ----------------
Alpha Financial Markets Consulting 12 December 2016 -
Switzerland SA
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Axxsys Danmark ApS 5 June 2019 31 October 2019
----------------- ----------------
M & E SC 10 December 2012 -
----------------- ----------------
There is nothing further to disclose in relation to the
appointment of Luc Baqué under Schedule Two, Paragraph (g) of the
AIM Rules for Companies.
E nquiries :
For further information, please contact:
Alpha Financial Markets Consulting plc +44 (0)20 7796 9300
Ken Fry (Non-Executive Chairman)
Euan Fraser (Chief Executive Officer)
John Paton (Chief Financial Officer)
Investec Bank plc - Nominated Adviser and Joint Corporate Broker +44 (0)20 7597 4000
Patrick Robb
James Rudd
Harry Hargreaves
Berenberg - Joint Corporate Broker +44 (0)20 3207 7800
Chris Bowman
Toby Flaux
Alix Mecklenburg-Solodkoff
Camarco - Financial PR +44 (0)20 3757 4980
Ed Gascoigne-Pees
Phoebe Pugh
About Alpha FMC:
Headquartered in the UK and quoted on the AIM of the London
Stock Exchange, Alpha is a leading global provider of specialist
consultancy services to the asset management, wealth management and
insurance industries.
Alpha has worked with all of the world's top 20 and 80% of the
world's top 50 asset managers by AUM, along with a wide range of
other buy-side firms. It has the largest dedicated team in the
industry, with over 900 consultants globally, operating from 16
client-facing offices spanning the UK, North America, Europe and
APAC.
- ENDS -
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