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Tuesday, 23rd April 2024
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BOI Global Markets to target US market Back  
BOI Global Markets has launched a new growth strategy, which will see the treasury/ capital markets division of Bank of Ireland, aim to double its profits over the next five years by expanding internationally.
New York Skyline

The bank wants to generate 20 per cent of revenues from new income streams, and as such is to open a new London treasury operation, as well as targeting the US market as a key driver of growth.

As part of Global Market’s targeted expansion in the US, Matt Porio and Darsh Mariyappa, formerly of American Express, have joined the US team to drive very ambitious growth plans to deliver new revenue streams. Porio was most recently head of financial markets services and Mariyappa was global head of interest rate and emerging market products at American Express New York.

In the UK, the bank has opened a new treasury operation in London, which is to be headed up by Peter Goshawk, formally group treasurer, Barclays Bank plc. He will be responsible for leading this expansion into the UK.

In addition, Tom Turney and Phil Smith join the UK team from HSBC’s successful trade finance business. They will drive Global Market’s ambition to be a strong player in the UK trade finance market. Plans are also underway to recruit additional specialists and teams.

Closer to home, the bank has also announced that it has appointed Deirdre Flannery as head of global customer business, where she will be responsible for further developing and leveraging Global Market’s Irish customer business as well as leading its international growth strategy.

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