Alpha Growth PLC Board Changes (9330R)
06 March 2019 - 6:02PM
UK Regulatory
TIDMALGW
RNS Number : 9330R
Alpha Growth PLC
06 March 2019
Alpha Growth plc
("Alpha", or the "Company")
Board Changes
Alpha Growth plc (LSE: ALGW), the financial services specialist
in the growing Senior Life Settlement ("SLS") asset class, is
pleased to announce the appointment of Jason Sutherland to the
Board in his role as Non-Executive Director.
Mr. Sutherland is the founder and Senior Partner of Citadel
Legal Services LLC, based in Atlanta, Georgia and represents
clients in North America, Europe and Asia predominantly within the
insurance backed assets industry. Mr. Sutherland is also the Senior
Vice President of Capital Markets and Senior Counsel for DRB
Financial Solutions which is majority owned by the Blackstone
Tactical Opportunities Group. Since joining DRB in 2015, Mr.
Sutherland has negotiated and structured multiple warehousing
facilities between $30m and $600m each. Also, he launched the first
ever AAA rated placements of mortality backed linked annuity
receivables totaling $151m.
Mr. Sutherland also recently ran $3bn of policies under the
Lamington Road Fund in Dublin, Ireland which was acquired by
Emergent Capital, ran Citadel's London office at the same time, and
was Managing Director of DLP funding group out of London under
Peach Holdings LLC, with $1.5bn under management. Prior to that Mr.
Sutherland spent 12 years with the Peach Holdings Group, most
recently as Managing Director of Legal and operations for Peachtree
Asset Management based in London and Luxembourg, a Global leader in
uncorrelated investments for institutional clients, where he
obtained FCA approval, guiding the fundraising efforts, and
coordinating with regulatory bodies in UK, US, Cayman Islands,
Luxembourg and Ireland.
Mr. Sutherland received his Juris Doctorate in Boston in 1999
and was subsequently admitted to the State Bar of Georgia. Mr.
Sutherland is also a member of the New York Bar, United States
Supreme Court, Georgia Supreme Court among others, and maintains an
FCA CF1, CF3, CF10 and CF11.
In addition, our CFO Rory Heier, has moved from his executive
board position to become non-executive director with immediate
effect. The Company plans to restructure the various committees in
due course following consultation with its advisors, now the
independent Board has been considerably strengthened.
Mr. Jason Sutherland commented:
"I'm very pleased to be joining Alpha at this time. I know the
team well and believe they are on the verge of establishing the
Alpha Group into a major player in the industry in due course."
Gobind Sahney, Executive Chairman of Alpha, commented:
"We are really pleased to announce the appointment of Jason. It
is a significant capture on our part to have him join the team. As
can be seen from his Bio above, he brings a wealth of experience
and industry relationships to the team having organised and managed
billions of policies and assets through his career. His reputation
and relationships in the industry, alongside Rajiv and Danny,
provides Alpha with a really strong and dependable management team,
that sophisticated investors and institutions require."
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
For more information, please visit www.algwplc.com or contact
the following:
Alpha Growth plc +44 (0) 20 3959 8600
Gobind Sahney, Executive Chairman info@algwplc.com
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Vox Markets (Digital IR) +44 (0) 203 865 0130
-----------------------------
Abraham Darwyne content@voxmarkets.co.uk
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Novum Securities Limited (Corporate
Broker) +44 (0) 207 399 9400
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Colin Rowbury crowbury@novumsecurities.com
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About Alpha Growth plc
Specialist in Longevity Assets
Alpha Growth plc is a financial advisory business providing
specialist consultancy, advisory, and supplementary services to
institutional and qualified investors globally in the multi-billion
dollar market of longevity assets. Building on its well-established
network, Alpha Growth has a unique position in the longevity asset
services and investment business, as a listed entity with global
reach. The Company's strategy is to expand its advisory and
business services via acquisitions and joint ventures in the UK and
the US to attain commercial scale and provide wholistic solutions
to alternative institutional investors who are in need of
specialised skills and unique access to deploy their financial
resource in longevity assets.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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