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Ken Fry joins Alpha FMC board

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Asset and wealth management consultancy Alpha FMC has appointed Ken Fry, former global chief operating officer at Aberdeen Asset Management as a non-executive director.

Fry has over 27 years’ experience in financial services and has considerable experience of integrating acquisitions within the investment management sector.
 
He has a strong technology and operations background and has undertaken a number of large transformational projects during his career. In addition, he has served on company and fund boards, and been a key player in strategic and executive decision making forums.  
 
Fry was appointed global chief operating officer of Aberdeen Asset Management in 2008. He personally directed the integration of many major acquisitions, including assets acquired from Deutsche Asset Management, Credit Suisse Asset Management and Scottish Widows Investment Partners. During his tenure the group executed 46 transactions and grew assets under management from GBP600m to over GBP290 billion.
 
Fry joined Aberdeen as chief technology officer in 1989 and established the global operating model that supported this growth. The combination of global shared services and operating bases in three time zones formed a template that many companies subsequently followed. Ken has worked closely with Alpha for a number of years and Alpha have been partners in resourcing many projects at Aberdeen.
 
Euan Fraser, Alpha FMC global chief executive officer, says: “Ken is hugely well-respected in our industry and it has been my pleasure to work with him as a client a number of times over the last decade. It is with great pleasure that I welcome him to the Alpha Board. Ken’s huge experience will be invaluable in helping us to realise the next phase of our growth plan and demonstrates the attraction of Alpha to senior figures in our industry.”
 
Fry says: “I am delighted to be invited to join the board of Alpha FMC as a non-executive director. I have worked with Alpha as a client for over 10 years, during which time Alpha has built a reputation as the leading investment management consultancy. Alpha and Aberdeen formed a very successful partnership, with Alpha consultants playing key roles in many of the large transformational acquisitions. I now look forward to helping the company through the next stage of its development.”

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