IBI hires Bank of Ireland executive as head of debt advice

IBI Corporate Finance has hired a senior corporate banking executive from its former parent, Bank of Ireland, to lead its debt advisory division.

Eoin McGuinness was a member of the bank’s corporate banking leadership team and led teams to structure, coordinate and execute major debt transactions for public, private, multinational and semi-state enterprises.

“Debt markets have transformed over the past few years and businesses now have a range of dynamic and innovative solutions that can be deployed to meet their unique needs,” said Tom Godfrey, Chairman and Co-Chief. General of IBI.

Mr. McGuinness has deep knowledge of the banking market and extensive transaction experience, including leveraged and management buyouts, recapitalizations and complex working capital structures, IBI said.

Mr Godfrey and IBI co-chief executive Ted Webb led a €10 million management buyout of the company in late 2017 from Bank of Ireland.

Last November, the company acquired a 50% stake in Broker Exchange Ireland (BXI), a Dublin-based mergers and acquisitions (M&A) adviser, for an undisclosed sum. Founded in 2019, BXI advises transactions between brokers working in the insurance and wealth management industries.

Additional posts

IBI has 23 employees and is recruiting for five additional positions.

The Irish Times reported last month that corporate financier Liam Kiely left IBI at the start of the year, months after joining the company to lead its technology and healthcare division.

It is understood that IBI was unaware that Mr Kiely was on trial for alleged fraud offenses when he joined the firm last year.

It emerged in December that Mr Kiely, 49, is fighting, under the name William Kiely, in the Court of Appeal against a decision to commit him to trial for alleged offenses of theft and fraud, dating from 2008 to 2013, which could total 1 million euros. . The alleged offenses relate to individuals who wished to invest in real estate in the United States.

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