Certus

[heganboy]

Certus is the company that is charged by LLoyds (who took over Bank of Scotland and Bank of Scotland Ireland) to recover assets owing to their loan book.

on the board of directors is Joe Higgins and helpfully Certus have provided his C.V.:

He started with Bank of Scotland (Ireland) Belfast in 1996, and has held numerous senior roles including responsibility for Asset Finance, Banking and also the launch of the Retail operations in 2005 before being appointed Chief Operating Officer and Finance Director in 2006.  In March 2003 he was appointed to the Board of Bank of Scotland (Ireland).

In 2007, Joe was promoted to Head of Mortgages in HBOS where he worked for two years before returning as Chief Executive of Bank of Scotland (Ireland) in March 2009.

Joe has extensive leadership, management and change management experience.  He has successfully transitioned Bank of Scotland (Ireland) through its change in ownership from HBOS to Lloyds Banking Group and now to Certus

Certus is the firm that has placed Lough Erne into administration. Lough Erne loans were guaranteed by Jim Tracey's very successful Supervalu in Dublin, a business that has now been put into receivership because of the loans owing at Lough Erne.

I am not for a moment complaining about administrators going after assets against loans with guarantees. Having the genius former CEO of BOS(I) who managed to lose 1.88 Billion Euro in 6 months in 2010, placing a successful business into administration while trying to clean up the mess of loans that he issued in the first place strikes me as a possible conflict of interest at best and more of the disgraceful old boys network at its work in the Financial Industry in Ireland.