Saturday 21 September 2019

Ergo: Matheson bucks Brexit trend with big London appointment

Michael Jackson and Sharon Daly, Matheson. Photo: Chris Bellew/Fennell Photography
Michael Jackson and Sharon Daly, Matheson. Photo: Chris Bellew/Fennell Photography

Since the Brexit referendum it has seemed that all the corporate traffic has been one-way across the Irish Sea.

British banks, funds, insurance companies and, not least, legal firms have scrambled to set up camp in Dublin as a way to stave off the worst of the coming Brexit impact.

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But one firm, Ergo has learned, has decided to go the other way, moving one of its top people from Dublin to London.

Irish corporate law firm Matheson has announced the appointment of Sharon Daly - widely acknowledged as one of Ireland's leading corporate litigators - as head of its London office.

The firm has pitched Daly's relocation as "a strengthening of its presence in London" - not a phrase overused in legal circles in recent years.

"At Matheson we are committed to having a strong presence where our clients are located," managing partner Michael Jackson told Ergo.

"With the increasing demand for Irish legal services which we are seeing from UK-based financial institutions and corporates, I am pleased to announce that Matheson is making a significant investment in our London office.

"The firm's London team plays an essential role in managing our UK-based relationships - and in facilitating client access to the wide range of cross-sectoral Irish legal services provided by Matheson," Jackson said.

"I am particularly pleased that senior partner, and head of Matheson's Brexit Group, Sharon Daly, has agreed to lead our London team as she moves full time to London, enabling us to expand our service offering in the UK."

HBFI ramps up operations with request for valuers

The State’s newly-founded lender Home Building Finance Ireland (HBFI) has continued to ramp up operations towards its remit of loaning out €750m.

Ergo notes that HBFI has sent out a request for tender for real estate valuation services for property projects countrywide.

The entity’s lending practices are expected to facilitate the provision of more than 7,500 homes. It is looking for valuers for projects worth €5m and under, as well as those worth €5m and above.

Builders unable to secure bank finance will be able to apply to HBFI for loans worth up to €35m over a five-year term.

It was announced last month that Dara Deering, KBC Bank Ireland’s executive director of retail banking, will take the reigns at HBFI from September onwards.

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