London-based financial services firm Alpha FX Group announced today it has appointed James Carey as director of technology with immediate effect.
The former Betfair engineering head is set to deliver Alpha’s technology roadmap Alpha FX Group, an FX risk management and payments specialist servicing corporates and institutions internationally.
Carey brings significant experience to Alpha, having spent 6 years at Betfair, most recently as head of technology, where he was responsible for the Betfair Exchange, a large sports betting exchange.
In this role, he managed a platform that handled 3 billion requests and 700 million transactions per day. He was also responsible for leading the global technology teams.
Prior to this, Carey led one of the development teams at the UK Ministry of Defence and also spent over 3 years developing technologies for the Foreign &Commonwealth Office.
He will work alongside Adam Dowling, managing director of Alpha Payment Solutions, who has been with the company since late 2018.
Before joining Alpha, Dowling was director of product at Saxo Payments Banking Circle, a next–generation provider of B2B cross–border payments.
Dowling was instrumental in both developing Saxo Payments’ product offering and shaping the strategic direction of the company; in less than 5 years the company grew to process over €60 billion in payments annually.
Before being acquired by PE firm EQT global for a sum of circa $300 million, Alpha has focused strongly on technology since inception, providing it with a key differentiator. It has accelerated investment in this area as the Company has broadened its offering to include Institutional FX, Payments and imminently, Accounts.
Carey will lead a technology team with responsibility for delivering Alpha’s technology roadmap and ensuring that the underlying platform is able to scale to take full advantage of Alpha’s market opportunity, which covers 30 countries, with offices in London, Toronto and Amsterdam.
“Alpha’s roadmap is incredibly exciting and I’m looking forward to working with the team and using my experience to deliver the functionality and resilience that our clients want,at the scale that we know Alpha can achieve,” Carey commented on his appointment.
Morgan Tillbrook, CEO of Alpha said that Carey’s skill set is tailor made for the next phase of Alpha’s development and will ensure the firm’s technology remains scalable and resilient.
“Technology underpins every aspect of our offering and will remain central to our strategy as we continue to grow. To be able to attract somebody of James’ calibre demonstrates our ambitions for the long–term future and our commitment to delivering our high–value client base with an unrivalled offering from start to finish,” Tillbrook added.