Published 21/08/2011 | 05:00
HAVING landed a nice bonanza by exiting a pension business at peak of market, Noel Kierans is now involved in a commercial enterprise with the credit unions.
Though he qualified as a barrister, the Drogheda native made his career in the life and pensions sector, first working in a Dublin broker's office before going it alone.
Seeking to expand its Irish pensions business, IFG made a deal in 2008 to pay up to €3m plus a potential €3.5m deferred for Nameridge, the corporate pensions business that Kierans founded in 1969 and where Dermot Desmond was a director.
With large national and international PLC clients on its books and a turnover in fees of circa €830,000, Nameridge was incorporated into IFG's existing group pensions business.
Kierans is now chairman and co-owner of Le Cheile Consulting, which advises the credit union associations. His Le Cheile Insurances also provides discounted home, motor and other insurance products to credit union customers through a tie-in with AXA, currently rolling out at branches around the country.
He's a member and former chair of the Kildare Street & University Club. He is also Luxembourg's honorary consul general in Ireland since 1998 and is on the board of the Belgian Luxembourg Chamber of Commerce in Ireland.
He played squash at premier division level for more than 30 years, but current interests run to the more sedate pastimes of wine and cooking. He knows his Chianti from his Cabernet, holding a Master of Wine diploma -- a professional level wine qualification.
He is married to Jane, with whom he raised six children. They live in Co Wicklow.
Sunday Indo Business