LONDON - Alpha Growth plc (LSE: ALGW and OTCQB: ALPGF), a company specializing in life insurance-linked wealth and asset management, has announced the appointment of Lynne Martel as an Independent (LON:IOG) Non-executive Director, effective immediately. Martel also joins the Audit Committee of the company.
With a career spanning over three decades in wealth and asset management, Martel's experience includes senior executive roles at State Street (NYSE:STT) Bank and Trust, Citigroup (NYSE:C), and Fidelity Investments. She currently serves on the board of Alpha International Life Assurance Company (Guernsey) Ltd and was previously on the board of Havelet Assignment Company Ltd, which are subsidiaries of Alpha.
The addition of Martel to the Board reflects Alpha's commitment to enhancing its corporate governance and diversifying its board composition as it aims for future growth. Gobind Sahney, Chairman and CEO of Alpha, expressed confidence in Martel's abilities, citing her professionalism and the valuable new insights she is expected to bring to the Board and Audit Committee.
Martel expressed her enthusiasm for joining the main Board and contributing to the future plans of the company. Her appointment is part of Alpha's strategy to expand its advisory and business services through acquisitions and joint ventures in the UK and the US, aiming to provide comprehensive solutions to institutional investors interested in longevity assets.
Longevity assets, the focus of Alpha's advisory services, are appealing to investors due to their non-correlation with traditional markets such as real estate, equity capital, and commodities. The value of these assets increases over time, offering a potential counterbalance to investment portfolio volatility and an additional yield.
This announcement is based on a press release statement from Alpha Growth plc and has not been independently verified. The company advises on and manages longevity assets originating in the highly regulated US market.
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