19 May 2021
Alpha FX Group plc
("Alpha FX" or the "Group")
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 the appointment of Vijay Thakrar to the Board as an independent non-executive Director with immediate effect.
Vijay is a Chartered Accountant with extensive strategic, commercial and governance experience with fast growth public companies, and was previously a Partner at EY and Deloitte, chairing Deloitte's mid cap listed companies' practice. He has served on various Boards in a non-executive capacity, including The Quoted Companies Alliance and Quorn Foods, the global meat alternatives business, and has extensive experience in chairing both audit and remuneration committees.
Vijay is currently a Non-Executive Director at Treatt plc, The Alumasc Group plc, Sanderson Design Group plc and RSM UK.
Upon his appointment Vijay will become Chair of the Group's Audit Committee and a member of the Remuneration and Nominations committees.
Accordingly, the Group's committees will consist of the following members:
- Audit Committee: Vijay Thakrar (Chair), Clive Kahn, Lisa Gordon
- Nominations Committee: Clive Kahn (Chair), Lisa Gordon, Vijay Thakrar, Morgan Tillbrook
- Remuneration Committee: Lisa Gordon (Chair), Clive Kahn, Vijay Thakrar
Commenting on the appointment, Morgan Tillbrook, CEO of Alpha FX, said:
"We undertook a comprehensive search when looking for our next independent non-executive director, and I am delighted we have been able to attract someone of Vijay's calibre. As well as bringing with him a wealth of experience across a number of successful and respected companies, it was also clear from our first meeting that Vijay really valued our emphasis on culture and people. He is yet another fantastic addition to the business and I look forward to working closely together in the future."
In accordance with Schedule 2(g) of the AIM Rules, Vijaykumar Champaklal Thakrar (aged 59) holds or has held Directorships and Partnerships with the following companies:
Pandd Properties Limited
RSM UK Holdings Limited
Sanderson Design Group PLC
The Alumasc Group PLC
Past Directorships held in the past five years
Briggs (U.K) Limited
ITS Designs Limited
Milton Keynes Dons Football Club Sports and Education Trust
Monde Nissin (Australia) Pty Ltd
Monde Nissin (UK) Limited
The Quoted Companies Alliance
Vijay Thakrar does not hold any shares in the Group.
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
Alma PR (Financial Public Relations) Tel: +44 0203 405 0205
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.