Alpha FX Group plc (LON:AFX), a provider of financial solutions to corporates and institutions internationally, today announced the appointment of Tim Powell as Chief Financial Officer and an Executive Director of the Board.

Mr Powell will succeed Tim Kidd, who will step down as CFO in line with his retirement plans announced by the company on 19 January 2022. Tim Powell will join the Board on 1 December 2022. Tim Kidd will be stepping down from the Board effective from 1 December 2022, but will continue to support the Company as part of a transition arrangement, up to the publication of the full year results in March 2023.

Tim Powell brings over 20 years of experience working in high-quality fast-growing public companies. 17 of these years were at the FTSE 100 listed, London Stock Exchange Group (LSEG). He was CFO of the LSEG’s largest subsidiary, London Stock Exchange, and was finance lead for the $27bn acquisition and integration of Refinitiv. He was responsible for functions covering a cost base of over £800m, with over 13,000 employees, whilst the LSEG had grown income to over £7bn with a £40bn+ market capitalisation.

Tim Powell is a Chartered Accountant. He began his career at CLB Littlejohn Frazer and British Telecom Group before joining the London Stock Exchange Group in 2005.

Commenting on his appointment, Tim Powell, incoming CFO of Alpha said:

“Alpha is a company with an exciting future and I am delighted to be joining at this stage in its journey. 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.”