James Carey Appointed Director of Technology

RNS Reach

19 May 2020

Alpha FX Group plc

("Alpha" or "the Company" or "the Group")

James Carey Appointed Director of Technology

Former Betfair Engineering head to deliver Alpha's technology roadmap

Alpha FX Group plc (AIM: AFX), an FX risk management and payments specialist servicing corporates and institutions internationally, today announces the appointment of James Carey as Director of Technology with immediate effect.

James brings significant experience to Alpha, having spent 6 years at Betfair, most recently as Head of Technology, where he was responsible for the Betfair Exchange, the largest sports betting exchange in the world, where he managed a platform that handled 3 billion requests and 700 million transactions per day. As part of his role he was responsible for leading the global technology teams. Prior to this, he led one of the development teams at the UK Ministry of Defence and also spent over 3 years developing technologies for the Foreign & Commonwealth Office.

James will work alongside Adam Dowling, Managing Director of Alpha Payment Solutions, who has been with the company since late 2018. Prior to joining Alpha, Adam was Director of Product at Saxo Payments Banking Circle, a next-generation provider of B2B cross-border payments. During his time here, he was instrumental in both developing Saxo Payments' product offering and shaping the strategic direction of the company; in less than 5 years the company grew to process over €60 billion in payments annually, before being acquired by PE firm EQT global for a sum of circa $300m.

Alpha has focused strongly on technology since inception, providing it with a key differentiator. It has accelerated investment in this area as the Company has broadened its offering to include Institutional FX, Payments and imminently, Accounts. As such, James will take leadership of a technology team of c.40 with responsibility for delivering Alpha's innovative technology roadmap and ensuring that the underlying platform remains industry leading and is able to scale to take full advantage of Alpha's market opportunity, which continues to grow at pace, and covers 30 countries, with offices in London, Toronto and Amsterdam.

James Carey, Director of Technology at Alpha FX, said:

"Alpha's roadmap is incredibly exciting and I'm looking forward to working with the team and using my experience to deliver the functionality and resilience that our clients want, at the scale that we know Alpha can achieve."

Morgan Tillbrook, CEO of Alpha, stated:

"James' achievements at Betfair are very impressive. His skill set is tailor made for the next phase of our development and will ensure our technology remains scalable and resilient, in order that we can flex and evolve to meet the needs of our high-value client base. Technology underpins every aspect of our offering and will remain central to our strategy as we continue to grow. To be able to attract somebody of James' calibre demonstrates our ambitions for the long-term future and our commitment to delivering our high-value client base with an unrivalled offering from start to finish."

Enquiries:

Alpha FX Group plc via Alma PR

Morgan Tillbrook, Founder and CEO

Alma PR (Financial Public Relations) Tel: 07780 901979

Josh Royston

Helena Bogle

Rebecca Sanders - Hewett

Notes to Editors

Alpha is an FX risk management and payments specialist that combines people and technology to help organisations more effectively manage currency. In an industry that typically works with tens of thousands, the Company partners with a small number of high value institutions and corporates, to provide enterprise-level solutions across three key areas: FX risk management, international payments 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.