New and notable appointments at TMF Fund Management (Ireland), RSM Ireland, MedoSync, Nostra, IP Telecom and Bank of Ireland

By Business & Finance
15 February 2024
Pictured: Lorraine Rooney, Chief Executive Officer, TMF Fund Management (Ireland) Limited.

This week sees new and notable appointments at TMF Fund Management (Ireland), RSM Ireland, MedoSync, Nostra, IP Telecom and Bank of Ireland

Lorraine Rooney, Chief Executive Officer,
TMF Fund Management (Ireland) Limited

TMF Group, a leading provider of compliance and administrative services, has announced the appointment of Lorraine Rooney as the new CEO of TMF Fund Management (Ireland) Limited, (formerly Goodbody Fund Management).

Lorraine brings a wealth of experience and a strong track record to her new role. Her most recent position was with Goodbody Fund Management Limited where she was General Counsel and Head of Product. Prior to that, Lorraine held a number of senior roles in both international and Irish headquartered law firms and regulated fund service providers.

With over 18 years of professional legal and compliance experience, Lorraine is a Central Bank of Ireland (CBI) approved PCF holder (Pre-Approval Control Function) and a member of the Institute of Directors Ireland and the Law Society of Ireland; her additional compliance licentiate status (LCI) underscores her deep commitment to regulatory excellence.

As CEO of TMF Fund Management (Ireland) Limited, Lorraine will lead a dynamic team of talented individuals dedicated to providing fund management company services and solutions across a wide range of fund strategies and structures.

Lorraine will report directly to James Coughlan, TMF Group’s Market Head for British Isles and Ireland.

Commenting on her appointment, Lorraine said: “I am immensely proud to be appointed as the CEO of TMF Fund Management (Ireland) Limited; this opportunity allows me to combine my legal and regulatory professional qualifications with my funds background and strategic commercial approach to client service and business development. In addition to deepening TMF Group’s international fund services offering, I will also be responsible for driving the tactical direction of our Super ManCo AIFM and UCITS management company business, and overseeing the delivery of risk, investment management and compliance services, continuously ensuring the highest standards of fund management governance and oversight for our valued clients.”

James Coughlan commented: “We are thrilled to have an individual of Lorraine’s calibre on our team. While our Super ManCo primarily focuses on alternative investment funds (AIFs) in the real assets sector, Lorraine will also look for additional opportunities in the UCITS space, and new opportunities overall to further support global asset managers looking to establish and operate Irish funds, particularly in the private assets sector.”

Niall May, Managing Partner,
RSM Ireland

Pictured (from l-r): Niall May, Managing Partner, RSM Ireland and John Glennon, Head of Strategy, and Board Member, RSM Ireland. Photo credit: Jason Clarke

Niall May has officially assumed the role of Managing Partner at RSM Ireland. Niall succeeds John Glennon, who was one of the founding partners and under his leadership RSM became one of Ireland’s Top 10 accounting firms. John Glennon will remain with the firm as Head of Strategy and a Board Member.

Niall’s appointment as Managing Partner follows the recent announcement of a major strategic investment in RSM Ireland and the purchase of the Board Member’s shareholdings by RSM UK, which will expedite the firm’s ability to create long-term growth and drive increased competition in the professional services sector in Ireland.

RSM Ireland remains an independent Member Firm of RSM International which saw record year-on-year growth in revenue of 16% with global revenues of US$9.4 billion for the 12 months to December 2023, and a 13% increase in global headcount. Over the same period, RSM Ireland achieved revenue and people growth of 19% and 21% respectively.

Niall May takes on the critical role of leading the firm’s future growth journey, with a plan to accelerate the firm’s investment in its service offerings, increase opportunity for its people, strengthen its market share and focus on becoming the leading advisers of choice to the middle market. A partner and Head of Audit in RSM Ireland for almost 10 years, Niall has more than 25 years’ experience in professional services and brings with him a wealth of experience.

Niall May, Managing Partner of RSM Ireland, said: “RSM Ireland has evolved and grown significantly as a firm since I joined it 10 years ago, and the recent strategic investment from RSM UK will accelerate our growth plans for the future. I am delighted to be taking over as Managing Partner as we embark upon this exciting phase for the firm. With our increasingly diverse service offering, and our global vision backed by local knowledge, we are confident that we will strengthen our position in the marketplace whilst also providing an attractive alternative for business leaders.”

John Glennon, founding and now former Managing Partner of RSM Ireland, said; “Through all of the challenges and uncertainty posed by global events in the last number of years, and as a result of our client focused approach, RSM Ireland has continued to grow and diversify. After almost 40 years at the helm, I am delighted to pass the leadership brief over to Niall May, who has been such an integral part of that growth journey. Together, we look forward to building on the progress already achieved and to work with our clients to anticipate the challenges of tomorrow to bring long-term value today.”

Peter Scott, Chief Revenue Officer,

Pictured: Peter Scott, Chief Revenue Officer, MedoSync

Irish MedTech start-up MedoSync has announced the appointment of former Vice President of Sales within Salesforce and Tableau as its new Chief Revenue Officer.

MedoSync provides a secure platform that integrates hospital and insurer systems enabling accurate, efficient and real-time medical billing. Since its launch in 2021, its proven solution has been used to submit more than 100,000 claims, valued at over €20 million.

Peter Scott brings a wealth of experience of sales within the tech sector, having managed high-performance sales teams in high-growth tech companies in the UK and Ireland. In his role in Salesforce and Tableau, he led Enterprise UK teams in the Commercial Strategic, Professional Services and Energy & Utilities sectors.

Welcoming the appointment, MedoSync CEO Dr. Martin Rochford said: “As MedoSync continues to accelerate our growth, the depth of skills Peter will bring to our team will prove invaluable. MedoSync aims to provide a solution that benefits both providers and payers, and through his insights and expertise of leading high-performance sales teams in a notoriously competitive industry, Peter will assist us in further in promoting our solutions with clear distinction to address the issues that matter to insurers, here in Ireland and abroad.”

Commenting on the appointment, MedoSync CRO Peter Scott said: “I’m really pleased to be joining Martin, Seamus and the wider MedoSync team as the company continues to scale its solution to what is a real pain point for many providers, payers and the public. I am looking forward to assisting the entire team on the next phase of growth. The talent, the solutions, the understanding and the belief within MedoSync means that the opportunity for rapid and sustainable growth for MedoSync is very real and I’m excited to be part of the journey.”

Michael McAteer, Chairman,

Pictured (from l-r): Michael McAteer, Nostra Chairman, Kevin O’Loughlin, Nostra co-founder & CEO and Barry O’Loughlin, Nostra co-founder & Managing Director

Nostra, an IT services providers helping businesses build a reliable, secure, and scalable I.T. foundation, has announced the appointment of Grant Thornton Ireland leader Michael McAteer as new Chairman. Mr. McAteer’s appointment will support Nostra’s ambitious growth strategy to increase annual revenue growth from €50 million to €250 million within five years.

As a Managing Partner at Grant Thornton Ireland, Mr. McAteer has a proven track record of leadership and expertise in financial advisory services. During his tenure with the firm, he spearheaded the firm’s remarkable growth, with the organisation nearly tripling in size with revenues reaching €300 million and played a pivotal role in the firm’s international expansion.

Having demonstrated an unparalleled ability to navigate complex financial challenges, his comprehensive knowledge and practical experience extend across retail (Europcar, Weatherford International PLC), construction (Openhydro), and IT sectors (Eircom), making him a sought-after advisor for companies seeking innovative solutions to their financial complexities.

As one of the country’s largest and fastest-growing IT services providers, Nostra last year secured valuable investment from Phoenix Equity Partners to achieve its growth goals. Nostra also completed four acquisitions in 2023 and created over 100 new jobs with the launch of its state-of-the-art Cybersecurity hub in Galway as it continues its impressive growth trajectory.

Speaking about this appointment, Kevin O’Loughlin, Nostra co-founder & CEO, said: “At this pivotal moment in Nostra’s growth, we welcome Michael’s expertise and insights to help us pave the exciting road ahead. We have a shared vision to empower our customers with the right I.T. solutions so they can focus on what matters to them, and I look forward to working with Michael as we continue to scale our best-in-class service.”

Michael McAteer, Nostra’s Chairman, said: “I’m thrilled to be contributing to the growth and expansion of such an exciting and ambitious Irish organisation. As Chairman, I will have the flexibility to retain my role at Grant Thornton while also having the opportunity to share my insights and expertise. It will be a very exciting time for both myself and the Nostra team, and I’m looking forward to seeing where we can go together in the coming months and years.”

Edel Creely, Chair,
IP Telecom 

IP Telecom, the leading Irish provider of cloud-based voice over internet protocol (VoIP) and unified communications telephony services to business customers in Ireland, has announced the appointment of Edel Creely to its Board of Directors. The appointment of Creely, a seasoned professional in the IT software and services industry, comes at a time of growth for the telecoms provider in the Irish market.

A previous recipient of Technology Ireland’s Person of the Year 2020, Edel has over 30 years experience as an executive leader in the IT software and services sector. She co-founded Trilogy Technologies in 2009, creating one of Ireland’s leading IT Managed Services providers through organic and acquisitive growth, which was subsequently acquired by Arkphire Group in 2020.

Edel is a former Board member and President of Ibec, Chair of the Irish Software Association and now leverages her experience to provide NED and independent strategic business consulting services to Irish companies with scaling ambitions.

Shena Brien, CEO of IP Telecom said: “We are thrilled to announce the news of Edel’s appointment, a visionary with a strong track record of supporting Irish business, closely aligned with the values of IP Telecom. During this time of growth for our company, and at a time of great advancements in the telecoms sector which we look to be at the forefront of, Edel’s expertise will accelerate this transformation. Fostering innovation and contributing to a thriving tech ecosystem in Ireland is a keen focus of ours for the years ahead, and I welcome Edel’s support in this goal.”

Niamh De Niese, Chief Digital and Architecture Officer,
Bank of Ireland

Bank of Ireland has appointed Niamh De Niese as Chief Digital and Architecture Officer, a newly created position focussed on the next phase of the Group’s digital strategy for customers and colleagues.

The Chief Digital and Architecture Officer will play a pivotal role in the transformation of the Group’s systems and IT architecture. This work is centrally important to the ongoing achievement of the Group’s strategic objectives which include building stronger relationships with customers and a simpler business.

In a period of fast evolving customer expectation and technology, the role will also consider emerging technologies and how these may influence the Group’s future investments.

Niamh joins from Santander UK where she most recently held the position of Chief Digital Officer. In taking up this new role with Bank of Ireland, reporting to the Group Chief Operating Officer, Niamh will lead the development of improved digital offerings for customers. She will also help further embed digital capabilities across the Group, supporting a culture of continuous improvement of the digital operating model.

Niamh brings a breadth of experience to her new role, with over 25 years’ working across the banking, payments and technology sectors for organisations such as Accenture, Barclays and Visa.

Ciarán Coyle, Bank of Ireland Group Chief Operating Officer, commented:

“I am delighted that Niamh is joining Bank of Ireland to take up the role of Chief Digital and Architecture Officer. Developing stronger relationships with our customers, and a simpler business, are core to our strategy. Continuous digital investment, innovation and change plays a crucial role in this strategy. I’d like to welcome Niamh to Bank of Ireland and I am sure that her deep industry experience and knowhow will be a major benefit to our colleagues, customers and shareholders as we continue to invest in enhanced digital solutions.”

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