Business Irish

Tuesday 20 February 2018

Where are they now?: Mark Moran


THE former EBS chairman has moved beyond the disastrous results he presided over at the building society and into financial consultancy.

His career began in the health-care sector with management jobs at SmithKline (now GlaxoSmithKline) in Cork and biomanufacturer Millipore in Cork and the US. After completing an MBA in the Netherlands in the early Nineties he became European finance director at Centocor, a Nasdaq-quoted biopharma.

He returned to Ireland in 1995 as MD of Meridian Vat Reclaim, a tax consultancy. He went on to become CEO of the Mater Private in 1997 until 2006. From 2003, he was a non-executive director of EBS, and chairman from 2007.

He stepped down from the EBS in May last year after it reported pre-tax losses of just over €38m and predicted write-offs of €500m on development loans due to the property market crash.

He then joined consultancy Bankhawk, which helps firms improve their banking. Clients include the HSE, Dublin City Council, Bord na Mona, Coillte, Mercer and Allianz.

He recently produced a report for the HSE on savings from the use of generic drugs.

He invested in one of the last great Celtic Tiger mega-deals, the Vico Capital-led $172.5m purchase of a tower in Washington DC. Moran is co-owner of the buying group, along with Vico duo Brian and Mary Patricia O'Donnell.

A GAA fan, he supports his home county of Offaly. He is a former captain of the Irish bridge team and also plays golf.

Sunday Independent

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