Legacy acquirer DARAG is showing no signs of slowing down with its strategic expansion.
Hot on the heels of its €260 million ($300 million) capital raise, chief executive appointment, and new joint venture is the firm’s latest major hire. James Halley, who most recently served as finance director at AEGIS London, will assume the role of DARAG’s group chief financial officer come September 03.
The three-decade finance and accountancy veteran started his career as a chartered accountant at Ernst & Young Ireland in 1982. His experience includes time spent as group finance director for AXA Ireland and as an insurance and finance services partner at Arthur Andersen.
“DARAG’s development over the past year has been impressive, and the scale and scope provided by the recent capital raise will secure DARAG’s position as a leading legacy provider,” noted Halley, who is replacing Mike Trotman. “I am excited to work with the team to achieve our ambitious goals.”
According to DARAG, the appointment is part of its ongoing strategic upscaling.
Meanwhile group chief executive Tom Booth, who came onboard last month, described Halley’s arrival as a milestone for the (re)insurance company.
“His expertise in the insurance market will prove invaluable as we continue to develop DARAG into the leading, global firm it is now well-placed to be,” commented the new CEO.
Booth also thanked Trotman for his “exceptional work” helping secure the equity investment.
