Bank of Ireland Corporate Banking today announced an expansion of its niche business internationally with the establishment of of a property business in the United States.
The new team will develop a niche in the US Real Estate financing market.
All major market sectors will be covered including mixed use, office, residential and retail. The Bank's Global Property Finance team will both participate in syndicated transactions and direct lending relationships with existing players in the market.
Matthew Galligan has been appointed as Managing Director of the new team. Mr Gilligan has previous experience in the US as vice-president of DebtX, the Debt Exchange.
Gerry Burke, Head of Global Property Finance, Bank of Ireland Corporate Banking said: "We are pleased to announce the establishment of our US property team and the appointment of Matthew Galligan as Head of US Property Finance.
"The opening of our US operation reflects our commitment to growing our property presence outside of Ireland. It is a significant development for our business and is in line with our strategy to continue to develop niche skill-based businesses internationally."