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Irish Independent
Irish Independent

Dublin-born Curneen leaves PFS owner EML

ELM CEO Emma Shand is said to be working on a strategic review

Former Digicel Financial Services CEO David Curneen has left his role as group chief operating officer at EML Payments after a year in situ.

Dublin-born Curneen was appointed last October, but according to filings from the Companies Registration Office, he left the role earlier this month.

An EML spokeswoman confirmed that Curneen had departed. She said EML’s new group CEO Emma Shand had recently announced the company was working on a strategic review to simplify the business.

“As part of this transition, David Curneen made the decision to leave EML to pursue other opportunities. We part on good terms, and we wish David all the best for his future career.”

Curneen also confirmed he had resigned. While at Digicel Financial Services, he was the group CEO of 32 Caribbean, Central American and South Pacific markets.

Australian-listed EML already has a well-known Irish connection – it acquired Prepaid Financial Services (PFS) from founders Noel and Valerie Moran in a multimillion euro deal in 2020. In May 2021, the Central Bank raised concerns regarding a PFS subsidiary around issues including governance.

Loyola sees room for more dining at Landmark

Pub and restaurant owners Stephen Cooney and Brian O’Malley aren’t letting the current woes faced by the hospitality sector hold back on plans to keep upgrading their businesses.

Their Loyola Group is an investor in the delicious Base pizza chain and owns The Bath and The Old Spot, as well as the Landmark pub on the corner of Dublin’s Kevin Street and Wexford Street.

According to planning documents, they are seeking an extension of the Landmark by amalgamating it with the ground level of 39 Wexford Street, and the ground floor and part of the first floor of 38 Wexford Street. The premises in question had previously been combined as a retail unit.

The plan is for much of the extra space to be used as a dining area, using an existing kitchen.

Don’t bank on people switching lenders

Half of the Irish public has never switched banks – and a further 20pc say they can’t remember when they last made the switch, but that it was over 10 years ago.

This is according to a new survey from Peopl Insurance, which found that 53pc of people who have gone through the switching process in the last five years found it too complex or too time consuming.

The Central Bank has said that just a quarter of Ulster Bank and KBC accounts have been closed since the start of the year, despite efforts by both banks to drive current customers to other providers.

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