London based real estate bridging financier Montello Bridging Finance (“Montello”) has announced the appointment of former Goldman Sachs Managing Director, Richard O’Toole, to its board of directors. Mr O’Toole brings with him many years of experience in the areas of regulation, international trade and financial services.|
In the public sector, Mr O’Toole held various diplomatic posts at the Irish Department of Foreign Affairs. He has also served in various international posts as Special Assistant to the Executive Director of the International Energy Agency of the OECD, as Chef de Cabinet in the European Commission and as Assistant Director General of the World Trade Organisation.
In the private sector, Mr O’Toole was a Managing Director at Goldman Sachs. He previously served in senior management or Board level positions at a number of companies including aviation leasing company GPA Group, international engineering group ABB, Esat Telecom of Ireland, Portugal’s SonaeCom, and Hutchison Whampoa Europe Limited. As a Board member, he has had active roles on both nomination and audit committees.
Mr O’Toole is currently a non-executive Director of Goldman Sachs Bank Europe plc. Montello managing director, Christian Faes, commented: “We are very excited to have someone of Richard’s calibre and experience join our team at Montello. Richard and the team’s individual professional backgrounds set Montello very far apart from its peers in this space.”
“I’m very much looking forward to playing a part in assisting with the strategic direction of the Montello brand and helping the company solidify the huge success it has already achieved” said Mr O’Toole. “At a time when retail finance is in limited supply, the Montello directors have found a niche where they can provide entrepreneurs with much needed bridge loan finance whilst also providing investors with a superior risk adjusted return.
“I look forward to being part of the Montello team and helping with the growth of the business.”