Ogier's Corporate and Fiduciary services business, Ogier Global, is expanding its service offering in Ireland, starting with the appointment of Michael Carroll as head of Debt Capital Markets.
Ogier Global in Ireland provides management services in the structured finance, aviation and corporate markets such as Irish resident directorships, share trustee services and company secretarial services, as well as administration services including incorporation services, financial reporting and board support. It will be growing the size of the Ireland team over the next few months.
Michael has more than 16 years' experience in the corporate services and banking industries, and a broad range of experience using special purpose vehicles (SPVs) domiciled in Ireland and the Cayman Islands.
He will work with the law firm's Banking and Finance team and the wider business to build a platform to provide bespoke administration services to a range of clients, including financial institutions, hedge funds, private equity firms, aircraft lessors, commodity trading houses and large corporates.
Partner in Ogier's Ireland office John Hogan said: "We are very excited to see Ogier Global establishing itself in Dublin. Michael is a very welcome addition and we look forward to bringing new and complementary opportunities, products and solutions to our respective markets."
Michael joins Ogier from a leading global corporate administration business in Ireland where he was head of capital markets with responsibility for the corporate services and loan agency business. He worked as part of a cross-product and service team to establish and grow the firm's capital markets book. Prior to that he held senior positions at a multi-national investment bank and financial services company, which have given him significant experience in managing complex transactions.
Michael will also bring his expertise to Ogier's Aviation and Marine sector. He has previously worked on, and acted as director to, a variety of aviation leasing transactions involving Irish-domiciled SPVs, including, sale and lease backs, operating leases, finance leases, JOLCOs, Aviation Funds utilising Cayman investment vehicles and Irish Asset Owning Entities / SPVs, and Lease in Lease out vehicles.
"I am delighted to have joined Ogier at this exciting time," Michael said. "Ogier Global will leverage the expertise across the business to provide a broad range of services to the aviation leasing and structured finance markets. These services will complement legal and tax advice that we can provide clients, including a full suite of corporate services to the SPVs involved."
With more than 50% of aircraft leasing transactions undertaken through Irish entities, Ireland is widely recognised as a preferred jurisdiction for the establishment of SPVs by international originators, arrangers, and managers. These entities are established as standalone legal entities, which isolate assets and liabilities from the originating company to provide a higher degree of protection to investors.
Ireland's regulatory framework is well established, providing a stable and predictable environment, while the Irish Stock Exchange is a leading listing venue for such transactions.