Alpha FX Group plc (LON:AFX), a global provider of high-tech, high-touch financial solutions, transforming banking services for corporates and institutions operating internationally, announces the appointment of Nick Maton as Managing Director, Luxembourg.

Mr Maton has over 30 years’ experience in financial services, including managing and growing businesses in the Luxembourg markets, which is an area of strategic importance for the Group. He joins Alpha with an in-depth knowledge of the alternative investment sector alongside his traditional banking experience.

Having relocated to Luxembourg in 2006, Nick Maton has spent the past 15 years in senior executive positions at J.P. Morgan, HSBC and most recently as Managing Director of Intertrust, Luxembourg. His experience and leadership in the local industry, combined with delivering client-centric solutions, brings the right set of skills and expertise to extend Alpha’s presence to Luxembourg.

Following the launch of Alpha’s alternative banking platform, Alpha announced in October 2021 its intention to open a Luxembourg office to meet growing local demand for its alternative banking solutions.

Subject to regulatory approval, the Group expects to fully establish this office later in the year, in order that it has a true local presence and is best positioned to support the needs of its growing client base within the country. Until then, the Group can continue to support its existing clients in Luxembourg by passporting its European regulatory license.

Initially Mr Maton will focus on building and developing commercial partnerships across the alternative investment sector in Luxembourg for the provision of our alternative banking solutions, whilst also supporting our application with Luxembourg’s financial regulator, the CSSF (‘Commision de Surveillance du Secteur Financier’).

Nick Maton, Managing Director, Luxembourg at Alpha FX said:

“I’m delighted to be joining Alpha at a time when there is a considerable opportunity to drive banking innovation in the alternative investment sector. I have seen first-hand how the quality of service and significant market experience sets Alpha’s solutions apart in this respect.

I look forward to working with the team and contributing to the long-term growth of the business in Luxembourg.”