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Curneen takes up new role at EML Payments

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Eddie Wilson of Ryanair

Eddie Wilson of Ryanair

Eddie Wilson of Ryanair

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.

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