REG - Alpha Group Intl PLC - Board Changes

Alpha InternationalAnnouncement

20/03/2024 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240320:nRST5034Ha&default-theme=true

RNS Number : 5034H  Alpha Group International PLC  20 March 2024

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                  Via Alma

 Morgan Tillbrook, Founder and CEO

 Tim Powell, CFO

 Liberum (Nominated Adviser and Joint Broker)   +44 (0) 20 3100 2000

 Max Jones

 Ben Cryer

 Anake Singh

 Peel Hunt (Joint Broker)                       +44 (0) 20 7418 8900

 Neil Patel

 Paul Gillam

 Kate Bannatyne

 Alma Strategic Communications                  +44 (0) 20 3405 0205

 (Financial Public Relations)

 Josh Royston

 Andy Bryant

 Kieran Breheny

 

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.

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOASFLEFUELSEFD