Damian Murphy, Partner

Damian Murphy

Partner

Howden Insurance Brokers LLC

Location
United Arab Emirates - Abu Dhabi
Education
Master's degree, Business Administration
Experience
31 years, 5 Months

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Work Experience

Total years of experience :31 years, 5 Months

Partner at Howden Insurance Brokers LLC
  • United Arab Emirates - Dubai
  • My current job since February 2015

• Sustainable, Strategic Financial Planning for HNW Individuals • £50m GBP assets under management via Gladstone Morgan International Limited • Devising and Implementing Specialist Investment & Protection solutions to clients across the GCC, and Internationally

Senior Manager at Qbist Consulting, and deVere Group
  • United Arab Emirates - Abu Dhabi
  • June 2010 to January 2015

• Devising & implementing strategic business planning for individuals and corporates
• Business Turnaround, Profit Improvement & Growth
• Succession & Exit Planning
• Strategic Financial Planning for Individuals
• Chartered Institute for Securities and Investment 1(CISI) - Introduction to International Wealth Management
• CISI 2 - Certificate in International Wealth Management

Commercial Director at AssetCo Plc
  • United Kingdom
  • October 2005 to May 2010

2005 - 2010
Group Commercial Director
AssetCo Plc, London, UK
£100m turnover International Integrated Support Services Business, providing outsourced support services to Government agencies.

Responsibilities;
• Property Portfolio & Asset Register
• Subsidiary P & L
Procurement & Supply Chain
• Stakeholder relationship building
• Business Support Services
• Working Capital
• Outsourcing

Key Deliverables;
• To devise and implement a re-location, integration, recovery and growth plan for the £10 million turnover Vehicle and Equipment manufacturing subsidiary companies
• Planned and delivered an orderly wind down and managed exit from a £25 million turnover under-performing and non-core vehicle assembly subsidiary, having full P & L responsibility along the way
• Commercial lead in International Business Development, particularly in the Middle East, securing AssetCo's first contracts win in the region (a 10 year contract worth £40 million)
• Reduced central Business Support Services operating costs by 25% from £2 million to £1.5 million
• Devised and implemented group wide procurement strategies focussing on smarter supply chain management and delivering the benefits of group wide supplier consolidation. Achieved a 5% (£1 million) cost of sales reduction, and led a pro-active group wide supplier management policy
• Identified M & A targets (£1m to £7m), and led the integration and cultural fit of each of these into AssetCo Plc
• As Senior management, owned profit lines integral to the £20 million IPO of AssetCo Plc on London's Alternative Investment Market
• Delivered a £35 million capital commercial vehicle build programme for the largest PFI client of the Plc (London Fire Brigade)
• Led the successful negotiation, implementation and managing of a number of vehicle related commercial outsourcing contracts, ranging in value from £2 million to £12 million per annum
• Successfully increased group wide working capital availability by £4 million

Head of Commercial at McAleer Group Ltd
  • United Kingdom
  • January 2005 to October 2005

2005
Head of Commercial
McAleer Group Ltd, Cookstown, BT80 9DN
£4m turnover Property Development & Construction Group
Responsibilities;
• Restructuring the group
• P & L
• Working Capital
• Debt Management
• HR

Key Deliverables;
• Reduced building cost per square foot by 20%
• Secured new loans with a 33% interest reduction
• Improved the working capital position of the group by 50%
• Implemented a tiered management structure

Director & General Manager at N W Lumber Co. Ltd, Co. Tyrone
  • United Kingdom
  • January 1996 to January 2005

1996 - 2005
Director & General Manager
N W Lumber Co. Ltd, Co. Tyrone, N. Ireland
£5m turnover Family Business with interests in Property, Manufacturing, Transport, Forestry & Hospitality

Responsibilities;
• Strategy
• P & L
• Business Turnaround
• Disposal and exit from non-core activities
• HR
• Debt Management
• Working Capital

Key Deliverables;
• Transformed a £1m non-core operating loss into a break even position in 2 years
• Enhanced sales by 25%, reduced costs by 25% across the group
• Successfully negotiated and executed the £1.5m sale of the non-core business
• Preserved shareholder wealth

Consultant Engineer at Lothian Regional Council
  • United Kingdom
  • January 1993 to January 1996

1993 - 1996
Consultant Engineer
Lothian Regional Council, Edinburgh
Large scale Public Sector Property Services Division

Responsibilities;
• Design of Mechanical & Electrical Building Services
• Contractor selection & Management
• Project Delivery from inception through to completion within strict budgetary guidelines


Key Deliverables;
• New build Fire Station
• Juvenile detention centre
• School refurbishments
• Community Centres

Education

Master's degree, Business Administration
  • at Queen's University
  • September 2006

Executive Masters Degree in Business Administration (MBA) Queen's University, Belfast Pass Sept 2006

Bachelor's degree, Building Services Engineering
  • at Heriot-Watt University
  • July 1993

BEng (Hons) Degree in Building Services Engineering Heriot-Watt University, Edinburgh, Upper Second Class Sep 1989 to Jul 1993

Specialties & Skills

Profit & Loss Management
Outsourcing Management
Strategic Planning
Working Capital Management
Business Relationship Building
ASSEMBLY
BENEFITS
BSEE/SUPPLY
BUSINESS DEVELOPMENT
CONTRACTS
FORESTRY
SALE OF
SALES BY

Languages

English
Expert

Memberships

of the Chartered Management Institute
  • Member
of the Association of MBA's
  • Member
Former member of Omagh Chamber of Commerce and Industry
  • member

Training and Certifications

Basic Health & Safety Certificate (Certificate)
Date Attended:
June 1998
Valid Until:
June 1998
Construction Site Managers Safety Certificate (Certificate)
Date Attended:
January 1996
Valid Until:
February 1996