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Asset and wealth manager to join AIM


Alpha FMC Topco

 

Alpha FMC Topco, which is to be renamed Alpha Financial Markets Consulting, is to float on AIM.

Alpha is a leading global provider of specialist consultancy services to the asset and wealth management industry. It has over 250 consultants and contractors across nine major cities: London, Edinburgh, New York, Boston, Paris, Geneva, The Hague, Luxembourg and Singapore.

Alpha has provided consultancy services to over 200 clients, including 17 of the 20 largest global asset managers by AUM and 60% of the top 50.

In an official statement, Alpha management said it was: “Well‐positioned for continued growth in a marketplace shaped by the primary market drivers of an underlying growth in AUM, rising cost pressures, regulatory and technology change and continuing consolidation. Alpha has delivered a consistent record of growth with revenue of £6.7 million for the year ended 31 March 2011 to £43.6 million for the year ended 31 March 2017.

“Alpha has enjoyed substantial growth in the last six years, driven principally by strong market demand for its established product offering which combines industry‐leading consulting expertise with detailed proprietary benchmarking data.

“Whilst overall AUM is growing, the asset and wealth management industry is experiencing challenges stemming from regulatory changes and cost pressures from the regulators and end clients. These factors are driving an increased focus by asset and wealth managers on improving systems, data quality and operational processes, in order to gain a competitive advantage, generate above average returns and reduce costs. This in turn has helped drive the management consulting services provided to the asset and wealth management industry, across the spectrum of front, middle and back office functions.”

Alpha CEO Euan Fraser said: “We are delighted to be joining AIM at such a pivotal time in the Company’s development. Alpha has enjoyed a period of solid investment under its current ownership by Dunedin and this placing and admission to AIM will allow Alpha to retain its strong employee and growth‐oriented culture and to invest more readily in future expansion through the pay down of all existing debt facilities.

“Alpha has built a fabulous reputation and brand within the Asset and Wealth management sector. This is due to our truly outstanding team of consultants, who are passionate about delivering the very highest quality service to our clients on every single engagement. Alpha’s success to date is thanks to the incredible hard work and dedication of the whole team.

“Admission to AIM will further enhance Alpha’s profile and brand recognition amongst potential clients and allow us to grow in both existing and new jurisdictions, whilst moving into additional parts of the asset and wealth management value chain.”

Alpha should join AIM next month.