AFX.L Regulatory News (AFX)

7 Oct 2021

Alpha FX Group plc

("Alpha FX" or the "Group")

Board Appointment

Alpha FX Group plc (AIM: AFX), a provider of FX risk management and alternative banking solutions to corporates and institutions internationally, is pleased to announce that its Chief Risk Officer, Tim Butters, will today be formally appointed to the Board.

Tim joined Alpha from WorldFirst in 2019 with over fifteen years' experience in risk management, including as Head of Risk at World First, the global payments provider, and Mako Trading, a leading derivatives market maker. Since joining Alpha, Tim has been instrumental in defining and building out our Risk Management framework, as well as growing and leading a team that is driving a robust risk culture throughout the business.

Commenting on the appointment, Morgan Tillbrook CEO of Alpha FX said:

"I am delighted to welcome Tim to the Board. Under his stewardship, the Group is in a very experienced and diligent set of hands, and from day one he has shown he is deeply invested in the long-term growth of the business and ensuring we have a leading risk framework that supports this. I have thoroughly enjoyed working with him over the past few years, and look forward to having him working more closely with the Board and me moving forward."

In accordance with Schedule 2(g) of the AIM Rules, Timothy Nigel Butters (aged 39) holds or has held Directorships and Partnerships with the following companies:

Tim Butters holds 103 shares in Alpha FX Group Limited which are convertible into shares of Alpha FX Group PLC and vest in 2022-2025 as part of the Company's E Share Growth Scheme.

Enquiries:

Alpha FX Group plc via Alma PR

Morgan Tillbrook, Founder and CEO

Tim Kidd, CFO

Liberum Capital Limited (Nominated Adviser and Sole Broker) Tel: +44 (0) 20 3100 2000 

Neil Patel

Cameron Duncan

Kane Collings

Alma PR (Financial Public Relations) Tel: +44 0203 405 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.