ML Capital has appointed Dr Dermot F Smurfit as chairman of the ML Capital Group of Companies, effective 23 April 2013.
Cyril Delamare, chief executive, says: "Dr Dermot F Smurfit's appointment will further strengthen and help ML Capital build on the foundations put in place by the existing management team. He will be a highly valuable member of the board and will take an active role in developing the business. Dr Smurfit brings to the company a formidable reputation of resolute leadership and entrepreneurial spirit, which we believe will serve the company well as we strive to become the leading independent provider of European regulated fund structuring and distribution services.
Smurfit says: "I look forward to working with the board and management team on the next phase of the company's development. We have all witnessed the substantial growth of the regulated fund space in Europe in recent years; it therefore goes almost without saying that I am very excited to become part of a firm with a unique and market leading offering"
Smurfit has over 40 years of experience in heading up Irish businesses employing over 40,000 staff in 32 countries worldwide. Formerly joint deputy chairman of Jefferson Smurfit Group, Smurfit is currently chairman of Powerflute Oyl, Eurolink Motorway Services and Cosmo Specialty Fibres. He has also stood as a former non-executive chairman of Peach Holdings, former chairman of Anker PLC, former chairman of Pankaboard Oy and a former non-executive director of ACE Ltd.