Alpha Group International (ALPH)

Sector:

Financials

Index:

FTSE AIM 100

 1,880.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 2,400.00
  • 52 Week Low: 1,450.00
  • Currency: UK Pounds
  • Shares Issued: 42.20m
  • Volume: 1,686
  • Market Cap: £793.30m
  • RiskGrade: 248

Alpha FX taps ex-LSE finance chief Tim Powell

By Josh White

Date: Wednesday 19 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Corporate financial service provider Alpha FX announced the appointment of Tim Powell as chief financial officer and an executive director of the board on Wednesday.
The AIM-traded firm said Powell would succeed Tim Kidd, who would step down as CFO in line with his retirement plans announced on 19 January.

Powell would join the Board on 1 December, when Kidd would be stepping down from the board, although he would continue to support the company as part of a transition arrangement up to the full-year results next March.

"Tim Powell's appointment followed a meticulous selection process, and the advance notice of Tim Kidd's retirement gave us the opportunity to cast the net far and wide and conduct a thorough and detailed search for his replacement," said chief executive officer Morgan Tillbrook.

"We were very impressed with the calibre of the candidates, a reflection of Alpha's growing reputation, and I would like to sincerely thank all of the individuals that we met along the way.

"Alongside his CV, Tim Powell's authenticity, honesty and humility stood out, characteristics which our outgoing CFO Tim Kidd also has in abundance, and which have made him such a joy to work with over the last seven years."

Alpha FX said Powell would bring more than 20 years of experience working in "high-quality, fast-growing" public companies, with 17 of those years at the London Stock Exchange Group.

He was CFO of the LSE Group's largest subsidiary, London Stock Exchange, and was finance lead for the $27bn acquisition and integration of Refinitiv.

Powell was responsible for functions covering a cost base of more than £800m, with over 13,000 employees, while the LSE Group grew its income to over £7bn, with a more-than-£40bn market capitalisation.

Alpha FX said Powell is a Chartered Accountant, who began his career at CLB Littlejohn Frazer and BT Group, before joining the LSE Group in 2005.

"Alpha is a company with an exciting future and I am delighted to be joining at this stage in its journey," said Tim Powell of his appointment.

"It is a company with strong foundations, a solid track record and huge amounts of ambition, and I am looking forward to working closely with the team to deliver on the opportunities ahead."

At 1142 BST, shares in Alpha FX Group were up 1.64% at 1,738p.

Reporting by Josh White at Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ALPH Market Data

Currency UK Pounds
Share Price 1,880.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 2,400.00
52 Week Low 1,450.00
Volume 1,686
Shares Issued 42.20m
Market Cap £793.30m
RiskGrade 248

ALPH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
56.84% above the market average56.84% above the market average56.84% above the market average56.84% above the market average56.84% above the market average
52.31% above the sector average52.31% above the sector average52.31% above the sector average52.31% above the sector average52.31% above the sector average
Income Not Available
Growth
84.98% above the market average84.98% above the market average84.98% above the market average84.98% above the market average84.98% above the market average
77.97% above the sector average77.97% above the sector average77.97% above the sector average77.97% above the sector average77.97% above the sector average

ALPH Dividends

  Latest Previous
  Interim Final
Ex-Div 08-Sep-22 14-Apr-22
Paid 07-Oct-22 13-May-22
Amount 3.40p 8.00p

Trades for 09-Feb-2023

Time Volume / Share Price
11:28 605 @ 1,889.90p
11:16 204 @ 1,888.00p
10:46 25 @ 1,920.00p
10:43 188 @ 1,920.00p
10:41 250 @ 1,920.00p

ALPH Key Personnel

CEO Morgan James Tillbrook
CFO Tim Powell

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