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Sunday, 14th April 2024
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Bankers call it a day Back  
Two of Ireland’s most prominent bankers are to leave their day jobs to take up new roles in the corporate sector.

Fergus Murphy, CEO of ACC Bank and Tom McAleese, managing director of Barclays Bank Ireland, have both announced that they are to leave their existing positions to take up new roles in property development and private equity respectively.

Murphy has had a long career in banking, having spent 13 years with Rabobank, including time spent as managing director of Rabobank Ireland and regional general manager, Asia. He only took up the post as CEO of ACC back in April of this year.

As president for Shelbourne’s international operations, Murphy will lead the company’s projects in the US and continental Europe, including the development of The Chicago Spire, the tallest residential building in the world, on which construction began in June.

McAleese started off his career with Swiss Re in London, but following stints with KPMG, GPA and ABN Amro, he joined Barclays as country head in 2005.

In Claret, he will be joining his old GPA colleague Domhnal Slattery, who set up the private equity fund in 2006. As COO, McAleese will be responsible for the day-to-day running of the business, which so far includes many interests such as JetBird, a new pan-European air taxi company that will begin operations in 2009.

Rob Hartog, currently managing director of Rabobank Ireland, has been appointed as Murphy’s replacement at ACC, while Barclays is currently looking for a successor for McAleese, with the expectation being that it will be an internal appointment.

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