IBI hires Bank of Ireland executive as debt advisory head

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

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

"The debt markets have transformed over recent years and companies now have a range of dynamic and innovative solutions which can be deployed to support their particular needs," said Tom Godfrey, IBI's chairman and joint chief executive.

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

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Mr Godfrey and IBI joint 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 per cent stake in a specialist Dublin-based mergers and acquisitions (M&A) adviser Broker Exchange Ireland (BXI) for an undisclosed sum. Founded in 2019, BXI advises on transactions between brokers working in the insurance and wealth management sectors.

Additional positions

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

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

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

It emerged in December that Mr Kiely (49) is fighting, under the name William Kiely, through the Court of Appeal a decision to send him for trial on alleged theft and fraud offences, dating between 2008 and 2013, that could total €1 million. The alleged offences concern individuals who wanted to invest in property in the US.