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06/10/2008

Treasury Holdings Appoints Four New Senior Managers

Four new appointments have been made by one of Ireland's leading property groups.

Treasury Holdings created the senior management posts at its headquarters in Dublin.

The new positions include a Group Commercial Director, Head of Investor Relations, Group HR Director and IT Director.

The creation of the new positions reflects the ongoing international expansion of the group.

Peter Byers will fill the post of Group Commercial Director and oversee strategic and business planning at Treasury Holdings. A former Group Finance Director of Heiton Holdings, Mr Byers has experience in financial strategy and control, investor relations and pension planning.

Sarah Moriarty is the first Head of Investor Relations at the company and will oversee investments in the group's businesses as it expands across Ireland, the UK, China and Russia. Former Head of Investor Relations at Digicel Group, Moriarty also spent a number of years with Vodafone Group Plc.

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Ronnie Maher, who has over 24 years experience, will hold the post of IT Director focusing on management of all aspects of the Group's IT requirements, while Kevin Keegan will take up the post of Group Human Resources Director. Mr Keegan has over 18 years experience in human resources and has held senior positions in State Street Bank and Kerry Group.

Commenting on the announcements, Irish Managing Director John Bruder said: "Treasury Holdings has consistently been to the forefront in identifying and capitalising on property trends both in Ireland and abroad.

"Strategic property investments combined with the company's expertise in property management globally have seen our business yield an average rate of return of 40% per annum over the past ten years.

"We are fortunate to have a strong team of professional people based at our Headquarters in Ireland and across all our international markets, including the UK, China and Russia," he added.

In Ireland, Treasury has been responsible for major developments including the largest urban regeneration in Ireland at Spencer Dock, Dublin.

Treasury's portfolio encompasses development projects as diverse as the Dongtan Eco-City in China, Battersea Power Station site in central London and Ireland's National Conference Centre at Spencer Dock.

(PR/JM)

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