Australian-listed EML Payments, which acquired Prepaid Financial Services last year in a deal worth up to £186.5m (€221m), has appointed Dublin-born David Curneen into the newly-created role of group chief operating officer.
Curneen, who holds dual Irish and Australian citizenship, has relocated to the UK to commence his new role.
‘’It’s exciting to join a geographically and culturally spread business,” said Curneen. “I aim to be successful as part of EML’s fast and smart team and oversee revenue growth and value creation across the group and acquisitions.”
Most recently, David was Denis O’Brien’s Digicel Financial Services’ Group CEO for 32 Caribbean, Central American and South Pacific markets. Prior to that, he was the CEO of Virgin Money Australia before its sale to the Bank of Queensland.
Tom Cregan, managing director and group CEO at EML said: “David has considerable experience in managing regulated financial services businesses and is people, action, and growth-oriented, which is the right mix in the correct order as we continue to grow rapidly. I want to officially welcome him to the EML family.”
Earlier this year, shares in EML tumbled as it revealed the Central Bank was considering taking action against its Co-Meath based subsidiary PFS Card Services (Ireland). The Irish unit was part of Prepaid Financial Services.
The Central Bank’s concerns related to anti-money laundering and counter-terrorism financing matters, risk, control frameworks and governance at the Irish unit.
Irish plane spotters will eagerly await the arrival of regularly scheduled Boeing 737 MAX aircraft in Ryanair colours. MAX aircraft have flown in from time to time, but the airline looks set to operate its Stansted to Dublin and Cork services with new “gamechanger” aircraft. But maybe more noteworthy will be the arrival of Ryanair subsidiary Lauda’s Stansted to Cork service, to be served by Airbus A320 aircraft which Ryanair inherited when it bought Lauda in 2018.
“We need more capacity in the form of airplanes and the Airbus A320 from Lauda Europe are ideal for this,” Ryanair CEO Eddie Wilson said in a German trade publication. It is just one more sign of the increasingly complex makeup of once simple Ryanair. And, perhaps, another tiny step in it breaking its inseparable bond with Boeing.
Not even a simple bunch of flowers are safe from the twin threats of Brexit and Covid. Fresh fruit supremo Keelings is seeking permission for a sizeable expansion to its 35,000 sq m warehouse inventory at its north county Dublin Food Central complex.
It hopes to build an 8,600 sq m bespoke flower packing and storage facility for its Keelings Flowers division. The facility, close to Dublin Airport, will handle flowers grown both in Ireland and the Netherlands, Keelings stated in planning documents.
Brexit and Covid have resulted in “a greater reliance on in-country storage and significant changes to just-in-time processes in an effort to avoid potential supply chain deliveries,” it said.