Initiative Ireland appoints new director of finance and treasury

IRISH peer-to-peer property lender Initiative Ireland has appointed Aisling Healey as director of finance and treasury.

Healey has over 30 years of experience in financial management. She has held senior financial roles in a variety of organisations and has experience in accountancy practice, software development, energy, not-for-profits, and education.

Padraig Rushe, co-founder and chief executive of Initiative Ireland, said that Healey “shares our commitment to ethical finance and brings a wealth of experience to the team”, adding that “her appointment comes as we prepare for significant expansion over the next year.”

Read more: Initiative Ireland enters UK P2P market with corporate accounts

Healey added: “As a company Initiative Ireland is at the fore of financial and social innovation and I look forward to supporting the expansion of the company in the coming years.”

Initiative Ireland offers investors on its platform the opportunity to co-fund the development of new houses for a fixed rate of return of between six per cent and eight per cent per year.

Earlier this year, it raised €1.5m (£1.3m) in equity funding to support its growth over the next three years.

Initiative Ireland entered the UK market as part of that expansion. The company offers corporate lending accounts that let companies back its development projects through a subsidiary called Initiative Financial Services UK.

Read more: Initiative Ireland appoints investment director

Initiative Ireland in October said it had provided Ireland’s largest P2P loan to date, totalling €2.75m. The loan will be used to fund the construction of 27 new family homes in Rush, County Dublin.