LONDON, UK: The Board of Alpha FMC introduced that Luc Baqué, currently Global Head of Asset & Wealth Management Consulting at Alpha, is appointed Chief Executive Officer with impact from 1 April 2023.
Alpha FMC (AIM: AFM) is a number one global supplier of specialist consultancy services to the asset management, wealth administration and insurance coverage industries. Euan Fraser, Chief Executive Officer, has notified the Board of his intention to step down as Chief Executive Officer and from the Board on 31 March 2023. Following this, Euan has agreed to keep with the Group as a Strategic Adviser.
Luc Baqué, aged 46, joined Alpha in 2010 to create the Paris Office. He became Head of Europe in 2016 and Global Head of Asset & Wealth Management Consulting in 2020. Luc has greater than 20 years of industry experience. Prior to becoming a member of Alpha, he spent 5 years with UBS in Paris as head of change administration and 6 years with Solving International, a technique administration consultancy, specialising in Financial Services.
Commenting on the Board changes, Ken Fry, Non-Executive Chairman, said: “Euan has been instrumental within the success of Alpha since he joined the enterprise in 2004 and have become Chief Executive Officer in 2013. During that time, the enterprise has expanded into one of many main global asset and wealth administration consultancies. We are therefore very grateful for his strong and efficient management and are delighted that he has agreed to keep on as a Strategic Adviser.
We are equally delighted to nominate Luc because the brand new Chief Executive Officer. Since becoming Head of Asset and Wealth Management in 2016, the division has skilled distinctive growth. As a key member of the executive team, he has made a significant contribution to Alpha and the Board is assured that he’ll proceed to drive the enterprise ahead within the years ahead.”
Euan Fraser, Chief Executive Officer, said: “It has been a privilege and a pleasure to lead Alpha and to work with such a fantastic team of passionate and dedicated individuals. I am additionally extraordinarily grateful for the support I’ve received from shareholders and from the Board over the years. The enterprise is in nice form and well-placed for continued growth. I am delighted to keep with the Group as a Strategic Adviser and look ahead to working with the Board, Luc and the management team.”
Luc Baqué, Global Head of Asset & Wealth Management Consulting, said: “It is a privilege to tackle the role of Chief Executive Officer at Alpha and to construct on the profitable strategic development of the Group. With such an excellent group of employees, I look ahead to our continued success, for our clients, employees and shareholders.”