Alpha Growth PLC Director and Personnel Announcement (6847Y)
September 08 2022 - 1:01AM
UK Regulatory
TIDMALGW
RNS Number : 6847Y
Alpha Growth PLC
08 September 2022
Alpha Growth plc
(" Alpha " or the "Company")
Director and Personnel Announcement
Alpha Growth Plc (LSE: ALGW and OTCQB: ALPGF), a leading
financial services specialist in the growing longevity asset class,
announces the following changes to the Board of Directors and
management.
The Directors of Alpha Growth Plc are very pleased to announce
that Chad Schafer will be joining the executive team of the Company
as Head of Affiliated Funds on September 26(th) . This role reports
directly into Alpha Growth's Executive Chairman, Gobind Sahney, and
gives Chad overall responsibility for Alpha's fund business at this
important stage in our evolution.
Chad held leadership positions within Wells Fargo Bank over the
past 15 years and joined Computershare Trust Company when they
acquired his business unit in November 2021. He is a recognised
expert in structured securities.
During his time at Wells Fargo Bank and latterly Computershare,
Chad was actively involved in managing deal negotiations of complex
securitizations for life and structured settlement transactions as
well as a multitude of other asset classes. Other core
responsibilities included managing relationships with investment
banks, finance companies, law firms, rating agencies and credit
providers to generate significant new opportunities.
On average, Chad was responsible for closing over 50
Securitizations and Credit Facilities per year - with facilities
ranging in size from $40 million to over $1 billion. The Company
believes Chad's background, experience and impressive network make
him ideally placed to supercharge the growth of Alpha Growth's fund
business.
Chad stated, "I have been discussing this opportunity with Jason
Sutherland for a period of time and I'm incredibly excited to be
joining Alpha Growth as it continues to rapidly scale and execute
upon its strategy of managing over $2bn of AUM by 2025. We have a
strong pipeline of initiatives which will continue to see the
company evolve into a market leading organisation within its sector
and I look forward to supporting Gobind and the board as we
continue to execute our strategy."
As of August 31 2022, Danny Swick has stepped down as Director
and Chief Operating Officer of Alpha Growth. The Directors would
like to thank Danny for his hard work, commitment and significant
achievements over the past few years and we wish him well in his
new endeavours.
To support Alpha's ambitious growth plans, the Company will also
shortly be initiating a search process to further strengthen its
board of directors and to ensure we are an attractive investment
proposition.
Gobind Sahney, Executive Chairman said, "It's been a very busy
summer period for Alpha Growth and we have continued to
successfully execute a number of key initiatives to support our
overall business strategy.
I am very pleased to welcome Chad to the Alpha Growth leadership
team, his skills and experience further strengthen our capability
and will allow us to supercharge the growth of our Fund business.
We expect to announce a significant development within our Fund
management business within the month.
I also look forward to positively updating investors on our
Guernsey acquisition by the end of this month."
Gobind continued, "Finally, I would like to take the opportunity
to thank Danny for the significant contributions he has made to the
Company since joining and wish him well for the future."
For more information, please visit www.algwplc.com or contact
the following:
Alpha Growth Plc +44 (0) 20 3959 8600
Gobind Sahney, Executive Chairman info@algwplc.com
UK Investor Relations - Mark Treharne ir@algwplc.com
About Alpha Growth plc
Specialist in Longevity Assets
Alpha Growth plc is a financial advisory business providing
specialist consultancy, advisory, and supplementary services to
institutional and qualified investors globally in the multi-billion
dollar market of life insurance linked longevity assets. Building
on its well-established network, the Alpha Growth Group has a
unique position in the longevity asset services and investment
business, as a listed entity with global reach. The Group's
strategy is to expand its advisory and business services via
acquisitions and joint ventures in the UK and the US to attain
commercial scale and provide holistic solutions to alternative
institutional investors who are in need of specialised skills and
unique access to deploy their financial resource in longevity
assets.
Longevity Assets and Non-correlation
As a longevity asset, it is non-correlated to the real estate,
equity capital and commodity markets. Its value is a function of
time because as time passes the value gets closer to the face value
of the policy. Hence creating a steady increase in the net asset
value of the investment. This makes it highly attractive to
investors wishing to counteract volatility within an investment
portfolio and add yield.
Note: The Company only advises on and manages Longevity Assets
that originate in the USA where the structured and life settlement
market is highly regulated.
Important Notice
The content of this announcement has not been approved by an
authorised person within the meaning of the Financial Services and
Markets Act 2000 (FSMA). This announcement has been issued by and
is the sole responsibility of the Company. The information in this
announcement is subject to change.
ENDS
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