Howden CAP welcomes new strategic hire in Dublin

London, 23 October 2023 – Howden, the global insurance group, today announces the appointment of Alan McNamara as Executive Director, Balance Sheet Advisory & Structuring for Howden CAP. McNamara will be based in Dublin and will report to Colin Reddy, Head of Financial Institutions & Advisory, Howden CAP. His appointment underlines Howden CAP's commitment to investing in specialist expertise for its bank and institutional clients and embedding it across the local markets in which it currently operates.  

McNamara joins from the Bank of Ireland where he has spent the past 20 years and held a variety of senior positions, most recently as the Head of Group Balance Sheet Management & Execution where he was responsible for the bank’s extensive SRT programme. He brings a wealth of experience in balance sheet management and credit solutions and, in his new role, will use this to enhance the advisory and structuring expertise across Howden CAP with a particular focus on portfolio solutions and significant risk transfer transactions.

McNamara’s appointment follows on closely from the arrival of Guido Cafaggi, who joined Howden CAP earlier this month from Lloyds Banking Group, where he held the position of Associate Director, Securitised Products Group. Prior to this, Cafaggi was at Mizuho where he spent five years in the Securitised Products & Structured Finance division. Cafaggi will also report to Reddy.

Drew Wardrope, Divisional CEO, Howden CAP, comments: “The Howden CAP proposition resonates well with clients and following Colin’s arrival earlier in the year, we continue to demonstrate solid progress in developing our advisory and holistic solutions offering for our bank and institutional clients. Alan has an acute understanding of client needs given his depth of experience, and will be instrumental in supporting our clients achieve their strategic goals in a progressively demanding macroeconomic and political environment. I look forward to welcoming him to the team.”

Robert Kennedy, CEO, Howden Ireland, adds: “I have been impressed by Howden CAP’s growth in the past year and it's evident that their expert talent and possession of a deep understanding of clients' challenges is the driving force behind this success. With Alan’s appointment, Howden CAP is well positioned to lead the way in providing cutting-edge balance sheet solutions in Ireland and the wider market.”

McNamara will commence his employment at Howden once his contractual obligations to his present employer are discharged at the end of 2023.