Euan Fraser joins FSP as Chairman

3 min 11 January 2024

Euan Fraser is the former Global CEO of Alpha FMC

Press Release –

London, 09 January 2024: FSP Consulting Services (“FSP”), the fast-growing digital transformation and cyber consultancy specialist, is delighted to announce that Euan Fraser has joined as Chairman.

FSP provides a range of consultancy services to large companies and public sector organisations spanning digital transformation, cloud engineering, data and artificial intelligence and cyber security. Its people-centric approach has seen the business win numerous awards in recognition of its outstanding workplace culture. It is currently ranked #1 Best Mid-Sized Company in the UK by Best Companies™.

Euan joins FSP following an extensive executive 20-year career with Alpha FMC (“Alpha”), the leading global asset management and wealth management consulting business. As Global Chief Executive Officer from 2013-2023, he led the business through two private equity transactions before listing Alpha on AIM in October 2017.

During his time as CEO, the business grew its adjusted EBITDA from £2.1million to over £47 million with Net Fee Income growing from £11 million in to £225 million. Before rising through the ranks at Alpha from 2004, Euan worked with Synagir Consulting, Merrill Lynch and KPMG. Euan graduated from the University of Edinburgh in 1994 with a BCom in Business Studies.

Euan is also Chairman of ATOZ Services, the Luxembourg-based corporate and management services group and Ridge and Partners, a multi-discipline construction consultancy.

Euan brings the ideal skillset to chair FSP. In particular, his experience of scaling up Alpha, working alongside private equity investors, internationalising the business by opening offices in New York, Paris, Boston, Toronto, Singapore, Sydney, Zurich,
Edinburgh, Luxembourg, Amsterdam and Geneva, alongside strong organic and inorganic growth, is perfectly in line with FSP’s current growth strategy.

He joins at a pivotal time for FSP, as it rapidly builds its global market presence, following the investment into the business by CBPE Capital in February 2023, with existing backer LDC reinvesting alongside CBPE.

Euan Fraser, said:

“I’m delighted to be joining the team at FSP. Simon and his colleagues have created a great business with a reputation for extremely high quality service delivery and have developed a wonderful culture across the FSP Group. I look forward to working with them on the next chapter of their story.”

Simon Grosse, CEO of FSP, said:

“Euan brings proven and directly relevant experience to the Board of FSP and we are all excited he has agreed to chair our company. We have ambitious organic growth plans with a focus on scaling up our international footprint, while complementing this with value enhancing acquisitions that can accelerate our expansion.”

Jolyon Latimer, Partner at CBPE, said:

“It is a sign of the potential of FSP that Euan has agreed to pursue his non-executive career with the Company. His exemplary leadership of Alpha perfectly illustrates our long term vision for FSP, which has the potential to capitalise on the many opportunities ahead driven by digital transformation and cyber security.”

Lawrence Dean, Partner at LDC, said:

“We very much look forward to working with Euan. He has an impeccable track record, with experience of leading the international growth of consulting businesses. He also has a real passion for the culture FSP has so successfully built, putting its people at the very heart of everything it does, which in turn has fostered a remarkable commitment to customer service.”

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About CBPE Capital

CBPE Capital is a leading UK private equity firm which pursues a disciplined and consistent investment strategy, targeting buy outs and development capital investments in UK-headquartered businesses with enterprise values up to £150 million. Since 2000, CBPE has made 60 such investments across five funds. This investment represents the sixth investment in CBPE Capital Fund X, which closed at the hard cap of £561m in November 2020. For further information visit

About LDC 

  1. LDC is the private equity arm of Lloyds Banking Group and is authorised and regulated by the Financial Conduct Authority.
  2. LDC has committed to invest in at least 100 mid-market businesses over the next five years.  
  3. LDC has a portfolio of 90 businesses across the UK, across a broad range of sectors including Construction & Property, Financial Services, Healthcare, Industrials, Retail & Consumer, TMT, Travel & Leisure and Support Services.
  4. LDC has a nationwide network of regional offices to provide a local presence to the businesses and communities it supports