Alpha FMC

Meet Our Board

The Board comprises six Directors: the Non-Executive Chairman, three Non-Executive Directors, and two Executive Directors.

The Directors’ individual positions on the committees of the Board are indicated with the following key:

A: member of the Audit and Risk Committee
E: member of the ESG Committee
N: member of the Nomination Committee
R: member of the Remuneration Committee

Read more about the Board and the committees in the Board of Directors and Committees sections of the website.

Ken Fry N (Chair), R, A, E

Independent Non-Executive Chairman

Ken joined the Alpha Board in 2016, following almost 10 years as the Global Chief Operating Officer at Aberdeen Asset Management. He was appointed the Board’s Non-Executive Chairman in February 2018. Ken has over 27 years’ experience in financial services, and has considerable experience integrating acquisitions within the investment management industry. Ken has a strong technology and operations background, and has undertaken a number of transformational projects during his career. He directed the integration of many major acquisitions while at Aberdeen Asset Management, including assets acquired from Deutsche Asset Management, Credit Suisse Asset Management and Scottish Widows Investment Partners.

Ken keeps the skills to support and deliver the Group’s strategy up to date by maintaining a wide network of contacts within investment management globally. He regularly attends conferences and discussion forums to keep abreast of industry issues and meets with both clients and investors. He also advises on M&A strategy within the investment management industry.

Ken is also currently a Director of Wealthtime Limited and Novia Financial plc.

N (Chair), R (Chair), A, E

Luc Baqué

Chief Executive Officer

Luc is Chief Executive Officer of Alpha. Previously, Luc was Global Head of Asset & Wealth Management Consulting from 2020 to 2023, Head of Asset & Wealth Management Consulting – Europe from 2015 to 2020, and Head of Asset & Wealth Management Consulting – France from 2010 to 2015. Prior to joining Alpha, Luc was Head of Change Management of UBS Wealth Management in France and began his career as a consultant in Paris and London. He holds a Master Degree in Engineering from Ecole Centrale and completed an Executive Program at the Stanford University Graduate School of Business.

John Paton

Chief Financial Officer

John is a chartered accountant with 25 years of corporate finance, banking and audit experience. He joined from HSBC where he was a Director in the UK Mid-Market Advisory team (2007-12), the Corporate Origination team (2012-16) and latterly, the UK Banking team (2016-2018). Over his 11 year tenure he advised on a variety of M&A transactions and led loan financings for UK corporates. Prior to this he spent more than five years at MacArthur & Co. focusing on capital raisings including AIM IPOs. John started his career at KPMG, where he spent nearly seven years, working across financial services audit and risk management with exposure to financial reporting requirements, governance, risk & internal controls and systems’ implementation. He is a member of the Institute of Chartered Accountants of Scotland, graduated LLB (Hons) from the University of Aberdeen and holds an Executive MBA from the University of Bristol & École Nationale des Ponts & Chaussées, France. John joined Alpha in February 2018.

Penny Judd R (Chair), A, E, N

Non-Executive Director

Penny joined the Alpha Board as a Non-Executive Director in February 2018, having previously held the roles of Managing Director and EMEA Head of Compliance at both Nomura International plc and UBS AG. Penny has a strong public markets and financial services background, with over 30 years’ experience in compliance, regulation, corporate finance and audit. She is also a chartered accountant and is currently Non-Executive Director and Chair of Audit Committee for both Trufin plc and Team17 Group plc.

Penny keeps the skills to support and deliver the Group’s strategy up to date through her experience gained on other listed company boards, while also maintaining a wide network of contacts in financial services and regulation. She attends various conferences and events covering relevant industry and governance matters, and meets with a range of advisers and institutional investors in AIM and main market companies.

Penny is currently Non-Executive Director and Chair of the Audit and Risk Committee of LendInvest plc, Trufin plc and Team17 Group plc.

R (Chair), A, E, N

Maeve Byrne A (Chair), E, N, R

Non-Executive Director

Maeve is a Fellow of the Institute of Chartered Accountants in Ireland and has over 30 years’ experience in Financial Services.

She started her career as an auditor with KPMG Ireland and worked in several other KPMG international offices in Europe and North America. Within KPMG, Maeve moved from Audit to Transaction Services where she was a Financial Services Partner from 2002 to 2014. From 2010 to 2013, Maeve was seconded to Royal Bank of Scotland and the Non-Core Division where she was CFO and a member of the Group Finance Board & Risk and Control Committee. From 2014 to 2017, she held senior executive roles at the Royal Bank of Scotland in Capital Resolutions Group and Williams & Glyn.

Since 2017, Maeve has focused on transformation services, offering Board advisory services as an independent consultant. She has worked with Financial Services companies including Santander and clients in the Fintech/Neo bank space.

A (Chair), E, N, R

Jill May E (Chair), A, N, R

Independent Non-Executive Director

Jill joined the Alpha Board as a Non-Executive Director in July 2020. She has over 20 years’ experience in investment banking, with her executive career spent working in corporate finance for SG Warburg & Co. Ltd from 1985 to 1995, and senior positions in Group Strategy at UBS where she was a Managing Director from 2001 to 2012.

She was a Panel Member from 2013 to 2018 and a Non-Executive Director from 2013 to 2016 of the Competition and Markets Authority (CMA), and a Non-Executive Director of the Institute of Chartered Accountants in England and Wales (ICAEW) from 2015 to 2019.

Jill is currently an External Member of the Prudential Regulation Committee at the Bank of England and a Non-Executive Director of abrdn Property Income Trust Limited and JP Morgan Claverhouse Investment Trust plc. She is also a Non- Executive Board Member of the Council of the Duchy of Lancaster and a Trustee of Tusk, a charity supporting progressive conservation initiatives across Africa.

E (Chair), A, N, R

Euan Fraser

Board Adviser

Euan was Chief Executive Officer of Alpha from 2013. He stepped down from the Board on 31 March 2023 and now acts as a strategic adviser to the Board.

During this period, the business has increased EBITDA almost seven-fold, and he has led the Group through two private equity transitions and a public listing on the London Stock Exchange’s AIM in 2017. Euan was previously Chief Executive Officer of Alpha UK, where he established both Alpha’s M&A Integration and Operations & Outsourcing practices. He joined Alpha in 2004 and has over 20 years’ financial services experience, having worked at Merrill Lynch and KPMG, where he qualified as a chartered accountant.


Discover more of the Alpha team

Our Management

The management team provides strategic leadership and operational management for the Group including coordination of commercial activities, execution of the strategy.

Alpha FMC