Alpha Growth PLC - Appointment of Chief Operating Officer

1st June 2018, 06:00

RNS Number : 9353P
Alpha Growth PLC
01 June 2018
 

1 June 2018

 

Alpha Growth plc

("Alpha", or the "Company")

 

Appointment of Chief Operating Officer

 

Alpha Growth plc (LSE: ALGW), the financial services specialist in the growing Senior Life Settlement ("SLS") asset class, is pleased to announce the appointment of Danny Swick as Chief Operating Officer and Director.

 

Mr. Swick is the founder of Kango Group, located in Newport Beach, California.  Kango Group is an established alternative investment management firm that targets opportunities in the longevity asset class on behalf of private equity and hedge fund clients.  Prior to founding Kango Group, Mr. Swick served as CEO for Life Distributors of America, LLC (LDA), a life settlement firm specialising in the distribution of longevity risk insurance products to institutional investment portfolios.  While at LDA, Mr. Swick was responsible for the closing of over $4 billion in life settlements.  Mr. Swick spent the previous eight years working for American International Group ("AIG") as Vice President of Alternative Distribution.  Responsibilities included developing and executing marketing strategies for life/annuity products in the alternative distribution channels, which included product distribution through broker-dealers and third-party administrators in both the U.S. and international markets.

 

Mr. Swick earned a Bachelor of Science degree in Marketing from California State University Northridge, and an MBA from Pepperdine University.

Mr. Swick commented: "I'm very pleased to be joining Alpha at this exciting time in their journey and the relevance of the asset class to modern institutional alternative investors in desperate search of a yield with secured asset backed instrument.  The Company has a unique and relevant product offering for institutional and sophisticated investors and is well positioned with its international reach, industry connectivity and existing new business pipeline, which I intend to add to as well as execute on over the coming months."  

Gobind Sahney, Executive Chairman of Alpha, commented:

"We are delighted to announce the appointment of Danny. He brings a wealth of experience and industry relationships to the team having traded over $8 billion worth of life settlement policies through his career. His reputation and relationships in the industry provides Alpha with the ability to execute its business plan in an efficient manner and scale with the mandates under consideration."

 

 

For more information, please visit www.algwplc.com or contact the following:

 

 

Alpha Growth plc

+44 20 3959 8600

Gobind Sahney, Executive Chairman 

info@algwplc.com





Cassiopeia Services (PR/IR)

+44 (0) 7949690338

Stefania Barbaglio

Stefania@cassiopeia-ltd.com

 

 

Novum Securities Limited (Corporate Broker)

+44 (0) 207 399 9400

Colin Rowbury

crowbury@novumsecurities.com

 

 

 

About Alpha Growth plc

Specialist in Longevity Assets

Alpha Growth plc is a financial advisory business providing specialist consultancy, advisory and supplementary services to institutional and qualified investors globally in the multi-billion dollar market of longevity assets. Building on its well- established network, Alpha Growth has a unique position in the longevity asset services and investment business, as a listed entity with global reach. The Company's strategy is to expand its advisory and business services via acquisitions and joint ventures in the UK and the US to attain commercial scale and provide a wholistic solutions to alternative institutional investors who are in need of specialised skills and unique access to deploy their financial resource in longevity assets.


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