20
March 2024
Alpha Group International
plc
("Alpha", "the Company" or
the "Group")
Board
Changes
Alpha Group International plc, a
leading provider of financial solutions to corporates and
institutions, today announces the following changes to its Board of
Directors.
Dame Jayne-Anne Gadhia to join the Board as Chair
Designate:
Alpha is pleased to announce the
appointment of Dame Jayne-Anne Gadhia as Chair Designate. Clive
Kahn has been Chair of the Company since 2016, and therefore will
not be seeking re-election at the Company's 2025 AGM. In order to
ensure good corporate governance and a smooth handover of Chair
responsibilities, Jayne-Anne will remain Chair Designate until the
conclusion of Clive's term as Chair.
Jayne-Anne's appointment as Chair
Designate will be effective on the conclusion of the Company's AGM
on 01 May 2024, subject to the completion of normal regulatory due
diligence by the Company's Nominated Adviser.
About Dame Jayne-Anne Gadhia:
Jayne-Anne brings a wealth of
financial leadership experience to the Board. A chartered
accountant, she spent six years at Norwich Union (now Aviva) before
becoming one of the founders of Virgin Direct in 1995. Three years
later, she set up the Virgin One account, which was acquired by the
Royal Bank of Scotland in 2001. She subsequently spent five years
at RBS before returning to Virgin as CEO to launch Virgin Money,
where she served for more than 10 years, from 2008 to 2018. During
this time, she led the company's acquisition and successful
integration of Northern Rock, subsequently listing Virgin Money in
2014.
Following the sale of Virgin Money,
Jayne-Anne joined Salesforce from 2019-2021. She left Salesforce to
focus on her own fintech, Snoop, which was sold to Vanquis Bank in
July 2023.
Jayne-Anne is currently Lead
Non-Executive Director at HM Revenue and Customs (HMRC), Chair of
Moneyfarm, Senior Independent Director at the Tate, and a Senior
Advisor at Vanquis Bank.
From 2016 to 2021 she was also the
UK Government's Women in Finance Champion and continues to support
and promote the Women in Finance Charter as an adviser. In 2018 she
was named Leader of the Year at the Lloyds Bank National Business
Awards. She sits on the Mayor of London's Business Advisory Board
and the Financial Inclusion Policy Forum.
Jayne-Anne was awarded a CBE in the
2014 New Year's Honours list, made a Dame in the 2019 Honours list,
and awarded a CVO in the 2022 Birthday Honours List.
Lisa Gordon to step down from the Board:
Lisa Gordon, Non-Executive Director
of the Company, will step down from the Board on 1 May 2024 by not
seeking re-election at the Company's AGM. Lisa has been with the
Board since the company's IPO in April 2017 and has been Chair of
the Remuneration Committee since that date. A process to recruit an
additional Non-Executive Director will be undertaken in the coming
months.
Morgan Tillbrook, CEO of Alpha Group, said:
"On behalf of the Board and everyone
in the company, I would like to thank Lisa for everything she has
brought to Alpha over the past seven years. Her counsel has been
invaluable as we grew from a small business on AIM to a company
that is about to join the Main Market, and I am very grateful to
have been able to benefit from her experience as we began life as a
listed business.
It is a privilege to bring someone
of Jayne-Anne's calibre to our Board. Her extensive track record of
leading major financial institutions, as well as establishing and
successfully growing fintech companies, provides a rare blend of
experience which aligns perfectly with our desire to scale and
mature, whilst retaining our entrepreneurial high-performance
culture."
Commenting on her appointment, Jayne-Anne Gadhia
said:
"I am delighted to be joining Alpha
as it embarks on this exciting next chapter in its growth story.
Alpha is a fantastic company with an exciting vision, and I am
looking forward to being able to contribute to its
success."
Enquiries:
Alpha Group International plc
Morgan Tillbrook, Founder and
CEO
Tim Powell, CFO
|
Via Alma
|
Liberum (Nominated Adviser and Joint Broker)
Max Jones
Ben Cryer
Anake Singh
|
+44 (0) 20 3100
2000
|
Peel
Hunt (Joint Broker)
Neil Patel
Paul Gillam
Kate Bannatyne
|
+44 (0) 20 7418
8900
|
Alma
Strategic Communications
(Financial Public Relations)
Josh Royston
Andy Bryant
Kieran Breheny
|
+44 (0) 20 3405
0205
|
Notes to editors
Alpha is a high-tech, high-touch
provider of enhanced financial solutions dedicated to corporates
and institutions operating internationally. Working with clients
across 50+ countries, we blend intelligent human capabilities
with new technologies to provide an enhanced alternative to
traditional banking services, with solutions covering: FX risk
management, global accounts, mass payments, fund finance, and cash
management.
Key to our success is our team -
over 400 people based across nine global offices, brought together
by a high-performance culture and a partnership structure that
empowers them to act as owners of our business.
Despite being an established
business listed on the London Stock Exchange, we remain
relentlessly focused on maintaining the same level of operational
agility and client focus we had when we first started in 2009. This
dynamic, combined with the passion of our people, has enabled us to
make a substantial and enduring difference to our clients, and
deliver a growth story to match.