Kieran Desmond, the former Global Head of Capital Markets at TMF Group, has been appointed as an Independent Non-Executive Director to the board of Lending and Loan Servicing specialists, Pepper Finance Corporation (Ireland) DAC (“Pepper Ireland”).
With over 40 years’ experience in the financial services industry, Desmond is currently founder/owner of Dublin-based corporate services provider, QSV Group Limited. His specialist experience in capital markets has placed Desmond in a number of global facing roles including as Global Head of Capital Markets at TMF Group. He has also held senior roles in International Investment and Underwriting, and at the Central Bank of Ireland where he spent 20 years.
Kieran holds a BSc from Trinity College, Dublin, an MBA from Dublin City University and is a graduate of the Advanced Management Program at Harvard University’s Graduate School of Business Administration. He is also a member of the Institute of Directors in Ireland.
Speaking about the appointment, Paul Doddrell, CEO Pepper Ireland, said: “Mr. Desmond brings a wealth of knowledge and experience at both a local and global level which will further strengthen our Board. His expertise in capital markets will be a great addition to the business as we continue to grow our operations.”
This marks the second external appointment to the Pepper Ireland board, following the recent addition of Andrew Hastings, former chief executive of Barclays Bank in Ireland.
Established in 2012, Pepper Ireland specialises in Lending, Advisory and Loan Servicing. Its Lending division – trading as Pepper Money - offers a range of residential mortgage options in the Irish market. Pepper Asset Servicing is the trading name for the company’s Loan servicing business spanning a range of asset classes including residential mortgages, commercial mortgages, auto finance, unsecured loans and equipment finance.
Pepper Ireland currently employs approximately 400 people in Shannon and Dublin, where its offices are located, and has €18 billion of assets under management. Pepper Money is part of Pepper Group, a diversified global financial services business listed on the Australian Securities Exchange (ASX:PEP). Pepper Group has offices across Australasia, Asia and Europe, with over 600,000 customers worldwide and $50.8 (€34.3) billion in assets under management as at 31 March 2017 – comprising $7.7 (€5.2) billion in lending assets and a servicing portfolio of $43.1 (€29.1) billion. Pepper Ireland is regulated by the Central Bank of Ireland.
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