Alpha FX Group updates on name change
The change of name of Alpha FX Group plc has not yet taken effect due to delays in processing at Companies House.
The change of name of Alpha FX Group plc has not yet taken effect due to delays in processing at Companies House.
Alpha FX registers FX Risk Management revenues of £32 million in H1 2022, an increase of over 30% against H1 2021.
In the year ended 31 December 2021, Alpha FX Group saw its revenue increased by 68% over the prior year to £77.5 million.
Alpha FX Group reported H1 revenue of £34.2 million, up 90% from H1 2020, supported by a broad recovery in client activity.
Alpha FX Group announces the appointment of Vijay Thakrar to the Board as an independent non-executive Director.
During 2020 Alpha FX continued to invest, with headcount increasing by 33 to 135 and the establishment of a sales office in The Netherlands.
Due to Brexit, Alpha FX Group will not be servicing derivative clients in certain EU Member States.
Alpha FX also noted that it now plans to reinstitute payment of a dividend to shareholders at year-end.
Matt Knowles co-founded HiFX, one of the largest non-bank players in international payments globally.
Growth has come at Alpha FX from both its FX risk management and alternative banking divisions.