Wednesday 27 March 2019

Rugby man teams up with NCB

Joe Brennan

Former Irish rugby international Brendan Mullin, who left Quinlan Private last year to set up a public and private equity firm Quantum Investment Capital, is merging his fledgling business into NCB's private wealth division.

He will receive an equity stake in NCB of an undisclosed size.

Like other Irish brokers, NCB's wealth management business has ballooned in recent years.

The division, headed by Greg Dilger, has about €1.8bn of assets under management and contributes similar earnings to the overall NCB business as the two other segments, corporate finance and institutional equities.

Mr Mullin, who was capped 55 times for Ireland, set out to raise €200m when he parted company with Quinlan and teamed up with bowling alleys-to-cinemas tycoon brothers Colum and Ciaran Butler. Their association ended late last year.

Quantum Capital's most high-profile venture to date is as backer of a new low-cost Caribbean airline. The carrier, Airone, also backed by Leslie Buckley, vice president of Digicel Group, plans to take to the skies this year.

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