— Cork based Brian Walsh to oversee Seaspray Private in the Munster region —
Seaspray Financial, the independent investment management and mortgage advisory company, has announced the launch of Seaspray Private, a new wealth management division.
The new division will have a direct presence in the Munster region with the appointment of Cork-based Brian Walsh to the position of Business Development Director.
Founded by managing director Paul McGowan in 2017, Seaspray Financial has quickly established itself as a successful client centred Irish financial services operation, managing and advising on over €200m of assets.
The addition and launch of the new Seaspray Private division will be led by Danny O’Leary, one of Ireland’s most experienced wealth management advisors. Danny brings over 40 years experience in banking and financial services, primarily with the Bank of Ireland Group. Among his former roles, Danny headed up BOI Private Banking in the West, North and South of the country.
Brian Walsh joins the team with 30 years’ experience in financial services, primarily in providing advice to high net worth clients. Starting in banking and corporate brokerage, Brian moved to Bank of Ireland Private Banking (2006 – 2017), where he was an Associate Director and Regional Head of the South.
The team will also be joined by Adele Taylor as Head of Client Services. Adele’s career in financial services began with a move to BOI Private Banking in Galway where she worked with Danny for over 8 years. Her development continued with lead roles in client services locally, regionally and nationally.
In 2015 Adele moved to a lending role with PTSB and subsequently into private practice focusing on high net worth clients.
The new team will operate nationally, covering all four provinces, providing professional wealth and investment management advice and solutions that meet the financial well-being and lifestyle needs of clients.
With Brian Walsh in Cork covering the Munster region, Danny O’Leary and Adele Taylor will be based in Galway in the west of Ireland and Paul McGowan will be based in the company’s head office in Dublin, primarily servicing clients in the Leinster region.
Commenting on the launch of the new Seaspray Private division, Paul McGowan, managing director said: “Since establishing the company in 2017, we’ve been continuously striving to provide the best service to our clients.
“With the addition of our new expert team members across the country I’m confident our combined wealth and investment management experience of over 100 years will prove to be a highly compelling offering for both our existing and potential clients across Ireland.”
Newly appointed head of Seaspray Private, Danny O’Leary, said: “When Paul came to me last year with the proposition of setting up a new private division as part of the already successful Seaspray Financial, we both immediately saw the opportunity to build a compelling offering for clients, providing a full suite of customised wealth and investment management solutions and tailored service, from a highly skilled and experienced team nationwide.
“Now, almost a year later, I’m confident Seaspray Private can be a leader within Ireland’s high net worth sector and I’m excited to head up our nationwide team of experts as we look after our clients’ finances.”
He added: “Relationships build over many years and it is a huge privilege in my new role as Head of Seaspray Private to be able to continue to create, grow and protect our clients’ wealth across generations; to earn the trust of our clients; to be their trusted advisor.”
Successful €5m investment call
Coinciding with its launch, Seaspray Private can also confirm that it has successfully closed an investment call of over €5m on its Global Equity Environmental, Social, and Governance (ESG) Kick-Out Bond.
Developed in partnership with BCP Asset Management, the investment equity bond has been offered exclusively to Seaspray Private clients, with a minimum investment capital call of €100,000.
The Bond sought to take advantage of falling global markets during the peak of the Covid-19 pandemic by investing over a maximum 10 year period in an index comprised of 20 North American companies and 20 European companies with the highest environmental ratings.
Investors have the potential to see a return of 15% p.a. with early exit opportunities after year 1 and every six months thereafter subject to the Index being at or above its original opening level.
Conditional capital protection is built in if the Bond ever goes to final maturity date. The Counterparty/Guarantor for the Global Equity ESG Kick-Out Bond is Goldman Sachs.