Alpha Group International confirmed today (Thursday) that Clive Kahn has taken over as the company’s new Chief Executive Officer. He has succeeded Morgan Tillbrook, who resigned from the top role on 31 December 2024.
A Planned Succession
Kahn’s appointment as Alpha Group’s new CEO on 1 January 2025 was not unexpected, as the company had announced the decision in September.
“Clive’s appointment as CEO follows the Company’s CEO succession announcement on 10 September 2024,” the announcement today (Thursday) stated. “As such, Morgan Tillbrook resigned as a Director and CEO of Alpha Group International as of 31 December 2024.”
Kahn is well-acquainted with the company’s business, having been appointed as its Chairman in 2017, a role he held for nearly eight years. He stepped down as Chair on 1 November 2024, although his tenure was initially set to expire in April 2025, to assume the CEO role. Dame Jayne-Anne Gadhia succeeded him as Chair.
Kahn is an FX and payments industry veteran with over three decades of experience in financial services. To take on the CEO role at Alpha, he stepped down as CEO of takepayments, a company he sold to Global Payments in April 2023.
He was also the CEO of Cardsave, a card acceptance and payments solutions business, for seven years. Before that, he served as Chief Financial Officer and later Chief Executive Officer of Travelex, where he spent over two decades.
Tillbrook Will Be Around
Alpha Group confirmed last September that Kahn held a 0.83 per cent stake in the company, but his share is expected to “meaningfully increase.”
Tillbrook will remain available to provide strategic advice to Alpha Group on an ongoing basis. He will retain a minimum of 10 per cent of the company shares for at least three years. Under Tillbrook’s leadership of about 16 years, Alpha Group’s revenue and profit grew significantly. Additionally, the company launched a £20 million buyback program to strengthen its cash holdings.
This article was written by Arnab Shome at www.financemagnates.com.
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