22 Oct 2018 07:00
22 October 2018
Alpha FX Group plc
("Alpha FX", the "Company" or the "Group")
Board Appointment
Alpha FX Group plc (AIM:AFX), a UK-based foreign exchange service provider working for corporates and institutions, is pleased to announce the appointment of Matt Knowles to the Board as an independent non-executive director with immediate effect.
Matt has significant industry expertise having spent 19 years at HiFX, a business providing international payment services to both consumer and corporate clients. Matt co-founded HiFX in 1998 and during his tenure as CEO, led the business through an MBO and a number of acquisitions before its sale in 2014 to Nasdaq listed Euronet Inc. He continued in his role as CEO post sale until February 2017, overseeing its digital transformation and identifying, acquiring and integrating XE.com in July 2015. As a result of the company's growth, at the time of his departure from HiFX Matt was responsible for approximately 400 employees across 6 offices internationally.
Upon appointment, Matt will become a member of the Company's Remuneration Committee and Audit Committee.
Morgan Tillbrook, Chief Executive Officer of Alpha FX said:
"Matt is a great addition to our Board and I'm looking forward to working with him. He not only understands our industry and its dynamics, but also has valuable experience leading a rapidly growing company domestically and internationally."
Regulatory disclosures
In accordance with Schedule 2(g) of the AIM Rules, Matthew Patrick Knowles (aged 45), holds or has held the following directorships and partnerships:
Current Directorships Past Directorships
Mirabelle Ventures Limited EIM (FX) Limited
TempoCap TBK (FM) Limited
HiFM Limited
HiFX Limited (UK incorporated)
HiFX Limited (New Zealand incorporated)
HiFX Limited (Australian incorporated)
HiFX Europe Limited
HiFX plc
HiFX Ltd
HiFX Inc
HiFX Canada Inc
HiFX Risk Management Inc
DFX Limited
121 Payments Limited
HiFX Foreign Exchange Limited
HiFX Products Limited
HiFX Developments Limited
HiFX Mortgage Services Limited
Currency Online Limited (UK incorporated)
Currency Online Limited (New Zealand incorporated)
Currency Online Limited (Australian incorporated)
HiFX Insurance Services Limited
Matt Knowles does not hold any shares in the Company.
Enquiries:
Alpha FX Group plc via Alma PR
Morgan Tillbrook, Founder and CEO
Tim Kidd, CFO
Henry Lisney, COO
Liberum Capital Limited (Nominated Adviser and Sole Broker) Tel: +44 (0)20 3100 2000
Neil Patel
Richard Bootle
Kane Collings
Alma PR (Financial Public Relations) Tel: 07580 216 203
Josh Royston
Helena Bogle
Rebecca Sanders - Hewett
Notes to Editors
Alpha is a founder led, UK-based foreign exchange service provider focused on managing exchange rate risk for UK corporates and institutions that trade internationally. The Company's primary client base consists of businesses and institutions across the UK and Europe that have a requirement to convert currency for a commercial purpose, such as buying or selling goods and services overseas, repatriating profits, or expatriating payroll. Since it was incorporated in 2010, Alpha has been able to build and retain a high-quality client base.