Goodbody Stockbrokers Strengthens Investment Banking with New Hires

Goodbody Stockbrokers has made several senior hires to boost its investment banking business, including Stephen Kane, Daniel Goodman, and Andrew Hackney. The appointments are seen as a vote of confidence from AIB, the firm's parent, in the investment banking side of the business, after years of weakness. Goodbody had racked up over €22 million of losses in 2022 and 2023 due to a downturn in capital markets activity in Ireland.

Goodbody Stockbrokers, a 151-year-old brokerage firm, has recently made several strategic hires to bolster its investment banking team. These appointments come after a period of senior staff departures following a redundancy program in late 2023, and they are seen as a vote of confidence from the firm's parent company, AIB.

Stephen Kane, who previously served as corporate finance director at Goodbody and left in October 2023 to become head of corporate advisory at Cairn Homes, has rejoined the firm as head of corporate advisory. Daniel Goodman, who was head of debt capital markets for UK and Irish financial institutions with Wells Fargo, has been hired as head of fixed-income advisory. Andrew Hackney, who has extensive experience at HSBC, Deutsche Bank, and Numis, has been appointed to lead Goodbody's London office.

These hires aim to strengthen Goodbody's investment banking capabilities, which have been weakened by a downturn in capital markets activity in Ireland. The firm reported losses of over €22 million in 2022 and 2023. The appointments are part of a broader strategy to return the investment banking division to profitability, with Goodbody's CEO Martin Tormey indicating that the firm is on track to return to profit in 2024.

Goodbody has also appointed Sinéad Cuthbert to the newly created role of head of strategic enablement and risk governance. This move reflects AIB's commitment to bolstering the investment banking side of the business after years of weakness.

The recent appointments come as Goodbody has been involved in high-profile transactions, such as advising Eiendomsspar and Pandox on their acquisition of Dalata Hotel Group for €1.4 billion. Additionally, the firm has advised on the sale of Clanwilliam Group to TA Associates for a figure believed to be in excess of €400 million.

Goodbody's investment banking team now has a strong leadership lineup, with deep expertise in corporate finance, debt capital markets, and fixed-income advisory. These appointments are expected to drive growth and profitability in the investment banking division.

References:
[1] https://www.irishtimes.com/business/2025/07/28/goodbody-stockbrokers-boosts-investment-banking-with-senior-hires/
[2] https://www.bloomberg.com/news/articles/2025-07-25/bankers-prep-up-to-2-billion-debt-for-dsm-animal-nutrition-unit
[3] https://www.fool.com/investing/2025/07/26/3-brilliant-growth-stocks-to-buy-right-now/