Colin Maher, Chief Executive of Mars Capital, appointed to Board of Banking & Payments Federation Ireland

Thursday 23rd May – Colin Maher, Chief Executive of Mars Capital, has been appointed to the Board of Banking & Payments Federation Ireland (BPFI) for a two-year tenure.

Colin has over 30 years’ experience in Irish Financial Services across a variety of banks, most notably holding senior positions at KBC Bank Ireland which included defining and supporting the implementation of the bank’s strategy during the Global Financial Crisis. As a Chartered Company Director, he has a broad range of experience across key areas such as governance and assurance, commercial and financial strategy as well as target operating model design and build. In 2016, Colin helped build Arrow’s Irish Loan Servicing platform, Mars Capital, which under his leadership as Chief Executive has become one of the leading servicers in Ireland.

On taking up his appointment Mr Maher said: “I am delighted and honoured to be appointed to the BPFI Board. As the first leader of a regulated credit servicing firm to be appointed, this is an important milestone which recognises the changing financial landscape in Ireland. Our commitment to putting customers first and being solutions-focused has been central to Mars Capital’s strong growth in the Irish market, creating more than 100 jobs in the last year.”

“Credit servicing and alternative lending firms like us have a key role to play in the Irish market, where competition in the banking sector has reduced in recent years. And I believe that, to effect real change and support Irish customers, it is important that we have a voice and bring our experience of working with customers in difficult financial circumstances to the highest level in the banking sector. I am excited to get started on this important work.”

Brian Hayes, Chief Executive, BPFI, welcomed Mr Maher’s appointment: “We are really pleased that Colin has joined the Board of BPFI, given his depth of experience and the industry insights he brings to the role. BPFI is the voice of banking and payments in Ireland, representing over 110 domestic and international member institutions and it is critically important that our Board reflects the diversity and interests of all our members. We look forward to working together to continue to represent the industry to the highest standards both in Ireland and the EU.”


Note: Banking & Payments Federation Ireland (BPFI) represents the banking, payments and fintech sector in Ireland. Together with its affiliates, the Federation of International Banks in Ireland, and the Fintech & Payments Association of Ireland, BPFI has over 110 member institutions and associates, including licensed domestic and foreign banks and institutions operating in the financial marketplace here.

Contact: Fiona Murphy, Head of Communications, 087 9740046, or Jillian Heffernan, Director of Communications, 087 9016880,