Alpha FX Group PLC Appointment of MD for new Luxembourg office
13 January 2022 - 6:00PM
RNS Non-Regulatory
TIDMAFX
Alpha FX Group PLC
13 January 2022
13 January 2022
Alpha FX Group plc
("Alpha FX", "Alpha" or the "Group")
Appointment of Managing Director for new Luxembourg office
Alpha FX Group plc (AIM: AFX), a global provider of high-tech,
high-touch financial solutions, transforming banking services for
corporates and institutions operating internationally, today
announces the appointment of Nick Maton as Managing Director,
Luxembourg.
Nick has over 30 years' experience in financial services,
including managing and growing businesses in the Luxembourg
markets, which is an area of strategic importance for the Group. He
joins Alpha with an in-depth knowledge of the alternative
investment sector alongside his traditional banking experience.
Having relocated to Luxembourg in 2006, Nick has spent the past
15 years in senior executive positions at J.P. Morgan, HSBC and
most recently as Managing Director of Intertrust, Luxembourg. His
experience and leadership in the local industry, combined with
delivering client-centric solutions, brings the right set of skills
and expertise to extend Alpha's presence to Luxembourg.
Following the launch of Alpha's alternative banking platform,
Alpha announced in October 2021 its intention to open a Luxembourg
office to meet growing local demand for its alternative banking
solutions. Subject to regulatory approval, the Group expects to
fully establish this office later in the year, in order that it has
a true local presence and is best positioned to support the needs
of its growing client base within the country. Until then, the
Group can continue to support its existing clients in Luxembourg by
passporting its European regulatory license.
Initially Nick will focus on building and developing commercial
partnerships across the alternative investment sector in Luxembourg
for the provision of our alternative banking solutions, whilst also
supporting our application with Luxembourg's financial regulator,
the CSSF ('Commision de Surveillance du Secteur Financier').
Alpha's alternative banking solution blends new technologies
with intelligent human capabilities to overcome the challenges many
funds face when working with traditional banking providers,
particularly when it comes to opening and maintaining bank accounts
for their investment vehicles. The solution has been purpose built
for the alternative investment sector over a number of years and
provides clients with a dedicated team, technology and
infrastructure to effectively service funds and their investment
entities.
Sam Marsh, Managing Director, Institutional at Alpha FX
commented: "On behalf of Alpha, I would like to wholeheartedly
welcome Nick to the team as part of the next stage of our expansion
in the alternative investment sector.
Nick's industry expertise and deep understanding of the
Luxembourg market represents a real asset to Alpha, and I am
confident he will bring immense value to delivering our vision to
become the leading provider of alternative banking solutions in the
private capital space. To attract someone of his calibre is a real
reflection of not only the significant market opportunity for the
Group but the attractiveness of our high-performance and innovative
culture."
Nick Maton, Managing Director, Luxembourg at Alpha FX said: "I'm
delighted to be joining Alpha at a time when there is a
considerable opportunity to drive banking innovation in the
alternative investment sector. I have seen first-hand how the
quality of service and significant market experience sets Alpha's
solutions apart in this respect.
I look forward to working with the team and contributing to the
long-term growth of the business in Luxembourg."
Enquiries:
Alpha FX Group plc via Alma PR
Morgan Tillbrook, Founder and CEO
Tim Kidd, CFO
Liberum Capital Limited Tel: +44 (0) 20
(Nominated Adviser and Sole Broker) 3100 2000
Neil Patel
Cameron Duncan
Kane Collings
Alma PR (Financial Public Relations) Tel: +44 (0) 20
3405 0205
Josh Royston
Andy Bryant
Kieran Breheny
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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