Alpha FMC

The leading global consulting company to the asset and wealth management industry

60 Gresham Street London EC2V 7BB

Data Analytics Digital Innovation

In a fluctuating landscape of consolidation, digitisation, shrinking margins and automation, Alpha helps asset and wealth managers think smarter and shape their business for the future

Glass Door
Team Size 400 - 500
Established 2003
Group adjusted EBITDA increase, UK, 2019

In a fluctuating landscape of consolidation, digitisation, shrinking margins and automation, Alpha helps asset and wealth managers think smarter and shape their business for the future

Our purpose is to help you make the most of the opportunities in our rapidly changing industry.

In a fluctuating landscape of consolidation, digitisation, shrinking margins, and automation, Alpha helps asset and wealth managers think smarter and shape their business for the future. When your clients’ demands become more complicated, we help you work more effectively. Where your rivals look to outcompete you, we’ll help you achieve the reverse.

We supply perspective, strategy, and technical expertise to the world’s top asset and wealth managers.

With offices in London, Edinburgh, New York, Boston, Paris, Geneva, Zürich, Amsterdam, Luxembourg and Singapore, and more industry experts than any other consultancy, we can respond to any need.

Alpha consultants always take the initiative and keep our clients at the leading edge of their sectors.

We specialise in two areas:

We Deliver Major Projects to Financial Markets

Asset and wealth managers want independent advice, proven solutions, and expert insight. Our consultancy team have an unrivalled track record of delivering it.

Our clients shouldn’t have to accept anything less than perfect, so if you’re thinking of joining us, you’ll need to go the extra mile. We only hire the best.

We Harness the Power of Technology

We help asset and wealth management businesses use technology to turn goals into reality. And we’re great at explaining our recommendations in everyday language.

A tight deadline isn’t an issue – we like a challenge. If you thrive on solving problems, you’ll fit right in.

What Next?

If you’re a business that likes what you’ve just read, or an experienced consultant that can bring something to the team, we’d love to hear from you

Founders & Leaders

Euan Fraser Photo

Euan Fraser

Global Chief Executive Officer

Euan has served as Global Chief Executive Officer of Alpha since 2013. During this period, the business has increased EBITDA almost seven-fold, and he has led the Group through two private equity transitions and a public listing on the London Stock Exchange’s AIM in 2017. Euan was previously Chief Executive Officer of Alpha UK, starting in April 2011, where he established both Alpha’s M&A Integration and Operations & Outsourcing practices. He joined Alpha in 2004 and has over 20 years’ financial services experience, having worked at Merrill Lynch and KPMG, where he qualified as a chartered accountant. Euan keeps the skills to support and deliver the Group’s strategy up to date through his role as Chief Executive Officer of a global consulting firm operating within the financial services sector.

Stuart McNulty Photo

Stuart McNulty

Global Chief Client Officer & Head of UK - Asset & Wealth Management Consulting

Stuart is the Global Chief Client Officer & Head of UK for Asset & Wealth Management Consulting at Alpha. Stuart began his career at Accenture, where he specialised in the capital markets sector, leading projects ranging from system implementations to process change initiatives. Stuart then moved to J.P. Morgan, where he ran strategic projects within the credit exotics and hybrids middle office team, before joining Alpha in 2007. Since then, Stuart has worked on a wide variety of asset management projects, including new product development, competitive analysis, rate card reviews and large-scale onboarding programmes. Stuart holds a First Class honours degree in Computer Science from the University of Sheffield.

Kevin O'Shaughnessy Photo

Kevin O'Shaughnessy

Executive Director and Head of Digital & Agile Transformation Practice

Kevin is a Director at Alpha FMC and Head of Digital & Agile Practice. He specialises in developing digital & data strategies and solutions for firms in the Asset & Wealth Management sector Kevin’s background is in Digital & Agile Transformation and Commercial Marketing and he has worked both in consulting and industry (at Executive level) with ~ 25 years’ experience. He is recognised thought leader in areas of customer experience and digital developments, has a strong background in large scale Digital Transformation, FinTech, Agile Transformation, Marketing & Digital Strategy Development, Digital Marketing, Proposition Development, Service & Customer Experience Design and Digital Operating Models. He has experience in working in large corporate, SME’s, Consultancy and public sector organisations across UK, Europe, Asia and North America. Experience of building a digital practice in a large consulting firm.

John Paton Photo

John Paton

Chief Financial Officer

John is a chartered accountant with 23 years of corporate finance, banking and audit experience. He joined from HSBC where he was a Director in the UK Mid-Market Advisory team (2007-12), the Corporate Origination team (2012-16) and latterly, the UK Banking team (2016-2018). Over his 11 year tenure he advised on a variety of M&A transactions and led loan financings for UK corporates. Prior to this he spent more than five years at MacArthur & Co. focusing on capital raisings including AIM IPOs. John started his career at KPMG, where he spent nearly seven years, working across financial services audit and risk management with exposure to financial reporting requirements, governance, risk & internal controls and systems’ implementation. He is a member of the Institute of Chartered Accountants of Scotland, graduated LLB (Hons) from the University of Aberdeen and holds an Executive MBA from the University of Bristol & École Nationale des Ponts & Chaussées, France.

Duncan Spencer Photo

Duncan Spencer

Executive Director, Asset & Wealth Management Consulting - UK

Duncan Spencer is Executive Director, Asset & Wealth Management Consulting - UK at Alpha. He us a senior consultant to the investment management industry with a proven track record of delivering complex programmes/ projects and consulting assignments. He brings a combined 15+ years' consulting experience and has worked extensively with market multinational and boutique investment managers during this time. This experience spans multiple aspects of the investment management value chain - including regulation, outsourcing, offshoring, distribution, operating model strategy and pre and post deal M&A.He serves on both the UK Executive Committee and UK Management Committee of Alpha's asset & wealth management consulting business, with responsibility for business development, staffing, commercials and budgeting. Outside of consulting he serves as a Trustee of AfriKids - a child rights organisation working in northern Ghana.

Andrew Glessing Photo

Andrew Glessing

Executive Director - Risk Regulation and Compliance Practice

Andrew Glessing is the Executive Director - Risk Regulation and Compliance Practice at Alpha FMC. He is responsible for Alpha FMC's UK Risk,Regulation and Compliance Practice supporting leading UK and Global Asset and Wealth Managers meet regulatory requirements and achieving best practice. He is leading a team of experienced consultants with Subject Matter Expertise in Risk Management, Regulatory Change and Conduct,specialising in the Asset Management & Wealth sectors. The practice has supported leading asset and wealth managers with a range of services helping to decrease risk, improve efficiency and improve business outcomes across all three lines of defence. Previously, he was the Director - Head of Compliance at Alpha. He played a big role in expanding the Alpha Compliance team and was responsible for compliance and regulatory services to asset managers and wealth managers.

Alpha FMC Careers Video
Everyday Extraordinary


  • We pride in working collaboratively with our clients
  • We take accountability for delivery - we own and take responsibility for outcomes
  • Our company takes a meritocratic, social and supportive environment - we want to be recognised as the best place to work in the industry
  • We are socially and ethically responsible
  • Everything we do is defined by integrity - we hold ourselves to the highest standards of transparency
  • We focus on providing deep expertise within our specialist industry segments
  • We are proactive - we use our extensive personal and corporate experience to get tasks done


  • Best Small Companies Award 2018, Sunday Times Top 100, 2018
  • Accredited Living Wage Employer, Living Wage Foundation, 2018
  • Growth through diversity, The 30% Club, 2018
  • Funds Europe Award, European Consultant of the Year, 2017
  • Diversity Champion, Stonewall, 2017
  • European Consultant of the Year, Funds Europe Awards, 2016
  • International Track 200, The Sunday Times, 2016
  • European Consultant of the Year, Funds Europe Awards, 2015
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