PTSB has appointed Seán Farrell as its new Head of Business Banking.
Seán will lead the Bank’s ambitious growth strategy for the SME lending market as the Bank seeks to build on the platform established by its acquisition of c.€165 million performing micro-SME loans and the entire Lombard asset finance business from Ulster Bank earlier this year.
Prior to joining PTSB, Seán held a number of senior positions in the SME lending sector.
These include Head of Product Development at the Strategic Banking Corporation of Ireland (SBCI), the State’s lending institution that has delivered over €3.6bn in funding to over 50,000 Irish SMEs.
Seán previously worked with Bank of Ireland, where he held a range of senior roles including Head of Agriculture and Regional Business Manager; and ACCBank, where he was National Agri-Business Manager.
Seán will commence his new position in February 2024. His appointment followed a competitive selection process. He holds a Master’s degree in Business from the UCD Smurfit Business School and additional postgraduate qualifications in Leadership, Change, Strategy and Innovation.
Commenting on the appointment, Patrick Farrell, PTSB Director of Retail Banking, said:
“Our ambition is to be Ireland’s best Personal and Business Bank through exceptional customer experiences. We have made great strides in growing our Business Banking offering in recent years and we have the ambition and the scale to keep growing strongly.
Seán’s extensive knowledge of what SMEs need from their bank makes him the ideal candidate to lead our Business Banking offering into its next phase. I want to welcome him to PTSB and wish him every success in his new role.”
Commenting on his appointment, Seán Farrell said:
“I am delighted to be joining PTSB as Head of Business Banking at such an exciting time. PTSB’s drive and focus to grow their Business Banking proposition is clear and I look forward to working with Patrick and the wider team to deliver exceptional experiences for Irish SME customers.”
