Wednesday 16 August 2017

IBI top corporate finance house, as Barclays appoints Ireland CEO

Kevin Wall has been appointed CEO of Barclays Bank Ireland
Kevin Wall has been appointed CEO of Barclays Bank Ireland
Donal O'Donovan

Donal O'Donovan

IBI Corporate Finance has been named by specialist M&A publisher MergerMarket as Ireland's busiest corporate finance house in the first half of the year.

Bank of Ireland-owned IBI advised on deals during the period including Glanbia's €340m sale of 60pc of its Dairy Ireland unit to Glanbia Co-Operative, and on the sale of a majority stake in Dunbia to Dawn Meats as well as One51's disposals of its environmental services businesses in Ireland and the UK.

The M&A market has cooled notably in Ireland in the past 18 months, as a stream of big, tax-driven, US corporate deals dried up.

"Looking ahead, the outlook globally is for the backdrop of political unrest to remain the new norm with uncertainties over the implementation of Brexit, the policies of the US administration and the lead-up to the election in Germany providing deal-makers with reason to pause," Tom Godfrey, CEO of IBI Corporate Finance said.

Meanwhile, in a sign that the Irish market is increasing in importance for its UK parent, Barclays Bank Ireland has today announced Kevin Wall as its new CEO to head up operations here.

Mr Wall is the most senior banker to take on the Barclays role here.

The veteran banker joined Barclays in 1981 and has held a variety of roles across the business, including in the UK, US and Australia and in Asia.

Most recently he has been chairman of Corporate Banking and vice chairman, Investment Banking. He is also a trustee director of the Barclays Pension Fund and a non-executive director of the Business Growth Fund.

He will move to Dublin and take up his new role with immediate effect.

Mr Wall succeeds Sasha Wiggins, who will take up a new role within Barclays as Head of East & South East in UK Corporate Banking next month.

Irish Independent

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