Alpha FX Group plc, a UK-based forex services provider, announced this Monday through the London Stock Exchange that it has added Matt Knowles to its Board where he will serve as an independent non-executive director starting from today.
At Alpha FX, Knowles will also become a member of the firm’s Remuneration Committee and Audit Committee. During his career, Knowles spent almost two decades at HiFX, a provider of international payment services, co-founding the company back in 1998. He started at the firm as a Managing Director, from 1998 until 2010.
He spent this time developing the firm to become one of the largest non-bank providers of deliverable foreign exchange and international payment services in the United Kingdom. In 2011 he became Group Chief Executive Officer (CEO).
Matt Knowles led HiFX through Sale to Euronet
While in this role, Knowles steered the business through an MBO (Management By Objectives) and a series of acquisitions before the company was sold in 2014 to Euronet Inc., a Nasdaq-listed company.
Following the sale, Knowles continued in his role as CEO until February of last year. In this time, he oversaw the digital transformation of the company. This included identifying, acquiring and integrating XE.com in July of 2015, a Canadian-based online foreign exchange tools and services company.
At the time of his departure in 2017, Knowles was responsible for around 400 employees at HiFX, who spanned across six offices across the world. Following his departure, he became a Venture Partner at TempoCap, a pan-European technology investment firm, in April 2017.
Commenting on the appointment, Morgan Tillbrook, CEO of Alpha FX said: “Matt is a great addition to our Board and I’m looking forward to working with him. He not only understands our industry and its dynamics, but also has valuable experience leading a rapidly growing company domestically and internationally.”
In 2017, Knowles was also an independent advisor to Mirabelle Ventures Ltd. According to information on his LinkedIn, he worked with the UK-based company for less than a year.