Initiative Financial Group


Social Impact Finance

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At the Initiative Financial Group, we are committed to the principles of providing Honest, Fair and Inclusive financial services to our clients and partners. We have partnered with leading financial service firms, specialist advisory firms and also leverage innovative technologies, to deliver our unique and innovative financial solutions to our clients. We operate to a dual mandate of delivering fair financial products to our clients and positive social impact to our communities. Headquartered in Dublin, Ireland and supported by Enterprise Ireland, we service the financial needs of a broad range of clients inclusive of private individuals, small businesses, corporations and institutional investors.


Legal Entities

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Initiative Financial Group comprises of two legal entities:

Initiative Financial Services Limited

Initiative Financial Services Limited t/a Initiative Ireland provides investment advisory, loan management and loan syndication services to corporate and private clients. Initiative Ireland is a partner of MANGOPAY, a public limited liability company incorporated in Luxembourg (Number B173459) and approved as an electronic money institution by the Financial Sector Regulator (CSSF), Luxembourg. Initiative Ireland is a Data Controller registered with the Data Protection Commissioner of Ireland, registration number 16237/A.  Initiative Financial Services UK Ltd (Company number 11568586 ) is a subsidiary of Initiative Ireland. Initiative Financial Services UK Ltd is an appointed representative of Thornbridge Investment Management LLP which is authorised and regulated by the Financial Conduct Authority.

 

Initiative Ireland Nominees Limited

Initiative Ireland Nominees Limited provides services as a trustee, nominee and security agent to corporate and private clients and investors of the Initiative Financial Group.  It is authorised by the Department of Justice and Equality of Ireland as a Trust and Company Service Provider.

Both companies are headquartered at NovaUCD, Belfield Innovation Park, UCD, Belfield, Dublin 4, Ireland. Initiative Ireland is a registered trademark.


Company Founders

Initiative Ireland is led by an experienced management team with a shared vision to deliver honest, fair and inclusive financial services.
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Padraig W. Rushe
Chief Executive Officer
CEO of Initiative Ireland Padraig W. Rushe has over 15 years of experience in Financial Services, Technology and Risk Management. He has held Senior Risk and Commercial Management roles within the financial services industry, having worked with Ulster Bank, GE Money and Bank of Ireland. He has significant commercial experience managing regulated financial product portfolios within the UK and Ireland (with assets of over €2bn), delivering significant improvements to net portfolio profitability under his management. As a professional risk manager, he has delivered over €100m in loss avoidance, predominantly through credit management and financial crime prevention interventions. Prior to founding Initiative Ireland, Rushe worked as a Chief Commercial Officer for Neuromod Devices, where he lead the commercialisation and operational expansion of the company. Rushe is also the Managing Director of Initiative Ireland Nominees Limited, a Trust and Company Service Provider authorised by the Department of Justice and Equality of Ireland. He holds an MBA with distinction from Trinity College Dublin, a BA Honours from University College Dublin and is an Accredited Product Advisor (APA) for Savings and Investments, Mortgages, Loans and Life Assurance, as certified by the LIA & UCD.

Padraig M. Rushe
Chief Credit Officer
As Chief Credit Officer, Padraig M. Rushe brings over forty years of Corporate Banking and lending experience to Initiative Ireland. A respected figure within the International Finance Community, Rushe is Chair of the Initiative Ireland Credit Committee, overseeing the internal review of all loans prior to approval for listing on the platform. Prior to joining the company, Rushe was a Corporate Banking Director at Bank of Ireland where he successfully arranged bilateral and syndicate credit facilities and managed all elements of credit and operational risk across portfolios with multi-billion euros in exposures. Rushe has been an active promoter of the IFSC and developed Bank of Ireland’s portfolio in financial services including banking, funds, insurance, leasing and related sectors. Rushe is Chairman of The International Finance Forum at FSI/Ibec. He was previously a member of the Government’s Clearing House Group for the IFSC. He is chairman of the IFSC Dublin Inner City Trust and board member and audit committee chair of St Catherine’s Association Ltd. He has provided credit advisory services to companies and Government Agencies in Ireland and Overseas. He is a non-executive director of Premium Cash Solutions Ltd. and a director of Initiative Financial Services Ltd. Rushe graduated Valedictorian with an MBA from Lake Forest Graduate School of Management, Illinois in 1988. He holds a Diploma in Company Direction 2017 from the Institute of Directors.

Rory McEntee
COO / Director of Property & Legal
Rory McEntee is the Chief Operating Officer and Director of Property & Legal for Initiative Ireland. In this role he is responsible for loan origination, management and legal operations within Initiative Ireland, working with our appointed independent legal council, quantity surveyors and valuers. With over 15 years of experience in the sector, he has worked as a conveyancing solicitor, real estate advisor and loan manager within the property finance industry. He has originated and managed transactions in excess of €200m, having acted on both the buy and sell side of numerous multi-unit developments. As a solicitor, has a wealth of experience in structuring bespoke legal contracts and facility agreements. Holding a degree in Bachelor of Business & Law from Griffith College Dublin, Rory qualified as a solicitor in 2007 and is a member of the Law Society of Ireland. He is also an accredited product advisor for Mortgages, Loans, Savings, Investments and Pensions as certified by the LIA & UCD as well as holding a Diploma in Aviation Leasing and Finance from the Law Society of Ireland.