Asset management consultancy Alpha FMC has added Ken Fry, former Chief Operating Officer at Aberdeen Asset Management, to its Board as a Non-Executive Director.
Ken Fry has over 25 years of experience in financial services, including considerable experience in the investment management sector. He joined Aberdeen – one of UK’s larger investment management groups – as Chief Technology Officer in 1989. Under his leadership, the company professionalised its technology operations, and established a global operating model (global shared services and operating bases in three time zones) that, at the time, was considered a ‘best practice’ in the industry. In 2008 Fry was appointed Global Chief Operating Officer of Aberdeen, a role he held until recently.
During his tenure at the investment giant, the group executed 46 transactions and grew assets under management from £600 million to over £290 billion. Fry personally directed the integration of many major acquisitions, including assets acquired from Deutsche Asset Management, Credit Suisse Asset Management and Scottish Widows Investment Partners. Fry also led several large transformational projects and, in addition, served on dozens of company and fund boards.
In his Non-Executive Director role at Alpha FMC, Fry will serve as a ‘trusted advisor’ to the firm’s Board of Directors and leverage his technology and operations background to contribute to strategic decision-making processes. “It is with great pleasure that I welcome Ken to the Alpha Board. His 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,” comments Euan Fraser, Alpha FMC Global Chief Executive Officer.
Fry and Alpha FMC are no strangers to one another. Alpha FMC has been a regular consultant to Aberdeen Asset Management for over 10 years, and on the back of the successful cooperation Fraser decided to bring Fry on board. “I have worked with Alpha as a client for over 10 years, during which time Alpha has built a solid reputation in the investment management consultancy landscape. Alpha and Aberdeen formed a very successful partnership, with Alpha consultants playing key roles in many of the large transformational acquisitions.”
Fry concludes, “I now look forward to helping the company through the next stage of its development.”
Alpha FMC today has offices in six major financial centres London, New York, Boston, Paris, The Hague and Luxembourg.