Alpha FMC Announces Acquisition of APAC Asset and Wealth Management Specialist Consultancy, Shoreline
London, 02 May 2023: Alpha FMC Group (AIM: AFM), a leading global consultancy to the asset management, wealth management and insurance industries, has today announced the acquisition of Shoreline, a boutique consultancy that provides services to the asset and wealth management (AWM) industry in Asia Pacific (APAC).
The Shoreline team will become part of Alpha’s asset and wealth management consulting business in APAC, signalling the creation of the largest specialist AWM consultancy in APAC. It is a highly complementary acquisition as there are significant synergies between the two companies’ client bases and set of services. A key focus for Alpha is to expand its global footprint and this acquisition, which enhances Alpha’s existing asset and wealth management expertise in APAC, is a significant step in building the Alpha brand in the region.
Shoreline, which is headquartered in Sydney, Australia, was founded in 2009 and is a 19-person strong consultancy with a client network that spans Australia, New Zealand, Malaysia, Singapore, Vietnam and Thailand. The firm’s core capabilities include: product and distribution; operations and outsourcing; data and analytics; and digital and technology.
Joe Morant, Global Head, Asset and Wealth Management at Alpha FMC, commented: “We are delighted to announce the acquisition of Shoreline and the expansion of the Alpha business in APAC. The combination of our two businesses makes us an excellent partner for firms in the region and provides the perfect platform for further growth in this exciting market. Acquisitions of this nature, along with organic growth, are very much part of Alpha’s growth strategy, which is to double our business in the next five years.”
Paul Tan, Head of APAC – Asset & Wealth Management Consulting at Alpha FMC, said: ““The pace and need for change amongst asset and wealth managers in APAC continues to grow strongly. Our acquisition of Shoreline expands Alpha FMC’s specialist offering and presence in the region at the perfect time to navigate the opportunities in this expanding market. Shoreline brings a highly complementary client base, a similar culture and a strong management team. We are excited to be bringing the Shoreline team into the Alpha fold.”
John DiBiase, managing partner of Shoreline, said: “The Shoreline team is delighted to be joining Alpha FMC. This is great news for our people and our clients, as it gives us all access to a broader range of services, access to greater expertise and means we are now part of a truly global network. We have very similar clients, there are strong parallels with our services proposition and we are very well culturally aligned. We look forward to becoming part of the broader Alpha Group.”
About Alpha FMC
Headquartered in the UK and quoted on the Alternative Investment Market (AIM) of the London Stock Exchange, Alpha is a leading global provider of specialist consultancy services to the asset management, wealth management and insurance industries.
Alpha has worked with all of the world’s top 20 and 80% of the world’s top 50 asset managers by AUM, along with a wide range of other buy-side firms. It has the largest dedicated team in the industry, with over 900 consultants globally, operating from 16 client-facing offices spanning the UK, North America, Europe and APAC.