Alfa Financial Software Hldgs PLC Directorate Change (1158H)
March 23 2020 - 2:00AM
UK Regulatory
TIDMALFA
RNS Number : 1158H
Alfa Financial Software Hldgs PLC
23 March 2020
23 March 2020
Alfa Financial Software Holdings PLC
Directorate Change
Alfa Financial Software Holdings PLC ("Alfa" or the "Company"),
the leading developer of mission-critical software for the asset
finance industry, is pleased to announce the appointment of Duncan
Magrath as Chief Financial Officer Designate. Duncan will join the
Company on 23 March 2020 and will join the Board as Chief Financial
Officer after the publication of the Company's annual results. In
the meantime, John Miller will continue as Interim Chief Financial
Officer and he will lead the preparation and presentation of the
Company's results.
Duncan has an Engineering degree and qualified as a chartered
accountant at Price Waterhouse. He worked in a variety of senior
finance roles in both the UK and US at Exel Logistics and
subsequently had roles as Group CFO at Balfour Beatty and
Rubix.
Commenting on the appointment Andrew Denton, Chief Executive
Officer of Alfa said:
"I am delighted to welcome Duncan to Alfa. He has a broad range
of financial experience in international businesses including eight
years as a CFO of listed businesses. This experience and a track
record of execution make him a great addition to the Board. I would
like to take the opportunity to thank John Miller for the
invaluable contribution he has made to Alfa as Interim Chief
Financial Officer over the last 11 months."
Duncan Magrath said:
"I am very excited to be joining Alfa, with its class-leading
software and reputation for excellence. With the Company's
unrivalled position in a growing market, allied with a strong
balance sheet, it is a great time to be joining such an experienced
management team to help deliver the next step in its future
growth."
In the last 5 years Duncan was (but is no longer) a director of
Brammer plc (now Rubix Group International Limited) and of Balfour
Beatty plc, both publicly quoted companies. The Company confirms
there are no further disclosures to be made in connection with
Duncan's appointment pursuant to paragraph 9.6.13 of the Financial
Conduct Authority's Listing Rules.
Enquiries
Alfa Financial Software Holdings
PLC
Andrew Denton, Chief Executive
Officer +44 (0)20 7588 1800
Tulchan Communications LLP
James Macey White
Matt Low +44 (0)20 7353 4200
Notes to Editors
Alfa has been delivering systems and consultancy services to the
global asset and automotive finance industry since 1990. Our best
practice methodologies and specialised knowledge of asset finance
facilitates our delivery of large software implementations and
highly complex business change projects. With an excellent delivery
history over nearly three decades in the industry, Alfa's
experience and performance is unrivalled.
Alfa Systems, our class-leading technology platform, is at the
heart of some of the world's largest asset finance companies. Key
to the business case for each implementation is Alfa Systems'
ability to replace multiple client systems on a single platform.
Alfa Systems supports both retail and corporate business for auto,
equipment, wholesale and dealer finance on a multijurisdictional
basis, including leases/loans, originations and servicing. An
end-to-end solution with integrated workflow and automated
processing using business rules, Alfa Systems provides compelling
solutions to asset finance companies.
Alfa Systems supports portfolios in 20 countries and Alfa has
offices in Europe, Asia-Pacific and North America. For more
information, visit www.alfasystems.com.
This information is provided by RNS, the news service of the
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END
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