Alfa Financial Software Holdings PLC, a developer of mission-critical software for the asset finance industry today announced that Duncan Magrath, Executive Director and CFO, has informed the Board of his intention to retire at the end of 2026.

The Board will now proceed with a search for a successor.

Duncan Magrath, Alfa’s CFO said:

“I have thoroughly enjoyed being involved in the growth and development of Alfa over the last 6 years and experiencing the strength of the Alfa culture has been a real highlight. Many thanks to my team, the senior leadership and the Board for the strong support they have given me over that time. I have the same excitement for the next twelve months at Alfa as the first twelve months, and after this look forward to pursuing interests outside of a full-time executive career.”

Duncan Magrath was appointed to the Alfa Board as an Executive Director in April 2020.

He started his career at Price Waterhouse, and qualified as a Chartered Accountant in 1989. He joined Ocean Group in 1992, and spent 13 years in the UK and USA in various finance roles as the group transformed into Exel Logistics. He joined Balfour Beatty, the infrastructure company, in 2006 and was Group CFO from 2008 to 2015. In 2016 he joined Rubix, an Industrial Parts Distributor, as Group CFO and was in that role through to 2019.