| People on the move in finance |
Lynch replaced at Eircom
Peter Cross is to replace Peter Lynch as chief financial officer of Eircom. Cross joins Eircom from the BT Group, where he is currently director of strategic planning. He is also a trustee of the BT Pension Scheme, the UK's largest defined benefit scheme. He has been with BT since 2001, initially as director of corporate finance, with responsibility for all of the group's acquisition and disposal activities. Subsequently, he was chief financial officer of BT Openreach, where he led the establishment of the business unit responsible for delivering BT's network-based access and backhaul products to all communications providers.
New CFO at NIB
Kim Tegner has taken over as chief financial officer at National Irish Bank. Previously chief controller with Danske Bank's group finance division, Tegner, 32, has a number of years of senior management experience within the Danske Bank Group.
Tegner succeeds Alan Brady at the post. Brady has been appointed as chief financial officer of Danica Pension Ireland. Danica Pension, Denmark's largest private life insurance and pensions company will open a subsidiary company in Ireland by the end of 2007.
New director at BOI Private
Bank of Ireland Private Banking announced the appointment of Kevin Quinn to director with responsibility for investments and pensions.
Quinn has been a member of Bank of Ireland Private Banking's senior management team since 2000, having spent the previous three years with Bank of Ireland Asset Management. He has recently written a book on wealth management titled 'Wealth Management - How not to throw away your riches', published by Blackhall Publishing, which was reviewed in Finance April.
Board appointments at IBI
Leo Casey and John Tuite have been appointed to the board of IBI. Chairman Roisin Brennan said that the appointments reflected the contribution the two individuals had made in their respective areas and the continued growth of IBI's business.
Casey joined IBI in 2000 and primarily advises private companies. He has advised on a range of transactions in recent years, including the disposal of Conduit to Investcorp Technology Ventures, the disposal of Eason Electronic to Alphyra and Bank of Ireland's acquisition of Burdale Financial Holdings.
Tuite joined IBI in 2001 and primarily advises publicly listed companies. He has advised on numerous transactions, including the recent management buy-out of BWG, the sale of Tayto Crisps to Largo Foods and the take-private of the Jurys Doyle Hotel Group.
Six new partners for McCann
McCann FitzGerald has appointed six new partners across its corporate, banking and financial services, commercial property, commercial litigation and private client practices.
The new partners are: Mary Brassil, Corporate, Company & Commercial; Audrey Byrne, Family, Private Client; Shane Fahy, Commercial Property; Eleanor Maher, Tax, Banking & Financial Services; Georgina O'Riordan, Banking & Financial Services (Aircraft and Asset Finance), and Grahame Walsh, Commercial Litigation.
New director at the Society of Actuaries
Yvonne Lynch is the new director of professional affairs at the Society of Actuaries in Ireland. Lynch is a fellow member of the society and spent most of her career with Ark Life, having qualified in Irish Life in 1987.
Managing partner re-elected at MOP
Liam Quirke has been re-elected as managing partner of Matheson Ormsby Prentice for a second term.
Quirke was first elected as managing partner in 2003 and has since led the firm through a period of unprecedented growth and change.
New partner at HBC Limerick
Ger Blake is the latest partner to be appointed to Limerick accounting and business advisors, Horwath Bastow Charleton. The appointment brings the total number of partners to six. Blake, who has worked in the corporate finance arena for over 10 years, is part of an 11 strong team in the corporate finance division of the firm.
Senior appointments at BIAM
David Thompson has been appointed head of macro fixed income and absolute return products. He joins BIAM from his most recent role as director and principal trader with Allied Irish Capital Management (AICM), a global macro CTA and hedge fund.
Prior to joining AICM, David held various positions in Bank of Ireland Global Markets including head of proprietary trading and head of euro fixed income investments. Thompson joined Eagle Star in 1987 and moved into an investment management role in 1992.
Caleb Kyle has been appointed senior property fund manager. Kyle joins BIAM from Irish Life Investment Managers, where he was senior property fund manager for its UK Life Fund. He has also been responsible for the sourcing and acquisition of property for structured syndication within Irish Life. Kyle previously worked with Lisney where he was divisional director of their commercial industrial agency.
Adam MacNulty, who has been a member of the BIAM investment team since 2001, has been appointed head of EAFE (Europe, Asia and Far East equities) product. This follows Leona Nicholson's decision to leave BIAM. Nicholson was head of EAFE product since 2004. MacNulty is currently head of concentrated ACWI, a specialist equity fund spread across similar markets to the EAFE product.
Ambery appointed partner at Arthur Cox
Arthur Cox has announced the appointment of Richard Ambery as a partner in the capital markets group at the firm, to be based in the Dublin office.
In recent years Ambery has specialised in advising leading financial institutions on transactions involving commercial mortgage backed securities, including Merrill Lynch, Lehman Brothers, Citigroup and Peritus Asset Management.
New at Bank of Scotland
Bank of Scotland (Ireland) has announced that Peter Landers has been appointed as head of asset finance.
Landers joined Bank of Scotland (Ireland) from HBOS in the UK, where he was responsible for the development of the bank's motor finance strategy in Europe. Prior to this Landers was a senior director with Capital Bank, HBOS' UK motor finance company.
New CPA chair
The Munster Regional Society of the Institute of Certified Public Accountants in Ireland (CPA) has announced the appointment of Cork based accountant Richard O'Brien as its new chairperson for the period 2007-09. O'Brien was formally elected as chairperson at the annual general meeting of the branch. In his new role, O'Brien and his committee will be responsible for keeping members informed of relevant issues affecting the accountancy profession, organising continuing professional education seminars and various social events for the Munster Society members.
O'Mahoney president of CIMA
Tiarnan O Mahoney, founder and chief executive of ISTC plc and chairperson of the Irish Pensions Board is the new president of the Chartered Institute of Management Accountants Ireland (CIMA). He succeeds Eircom plc management executive Tom O'Connor. O'Mahoney has extensive experience in the financial services sector having served as director and chief operating officer at Anglo Irish Bank for almost 20 years. 'My ambition as president of CIMA is to build on the work of my predecessors and help to further increase the profile and understanding of CIMA as a professional organisation that not only offers an internationally recognised professional qualification, but is a body that has a total business focus,' he said.
New at Capita Trust
Orlagh Doherty has been appointed as the new business development director of Capita Trust Company (Ireland) Limited, and in this role she will spearhead the growth of its business servicing the Irish capital markets.
Capita has continued to build up its corporate trust business in London with recent prominent hires who will additionally support the Dublin operation through what is expected to be a period of significant growth.
Doherty formerly worked as a listing executive in the debt listing department of the Irish Stock Exchange. Prior to that Orlagh spent six years in Merrill Lynch Capital Markets Bank Limited. |
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| Article appeared in the May 2007 issue.
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