“J.P. Morgan has a deep history in Ireland and we’re committed to supporting individuals and businesses here for the long-term,” said CEO, J.P. Morgan Ireland, Marc Hussey. “Ireland has a vibrant start-up scene, and it’s wonderful to continue growing our presence in the country by working with more of these local tech businesses as they embark on their growth journeys.”

These companies benefit from the financial strength, scale, industry specialisation, digital capabilities and investments that J.P. Morgan makes to support them from startup to IPO and beyond. This includes payments, capital raising and financing, liquidity solutions and strategic advisory for portfolio companies and more.

“It’s great to build the team locally and we see a lot of opportunity to make an impact in Ireland,” said Head of Corporate Client Banking International for J.P. Morgan Andrew Kresse. “We have proven that we can help local companies grow their businesses on the global stage.”

Mullett brings more than 20 years of experience to J.P. Morgan, joining from CeADAR, Ireland’s national centre for applied Artificial Intelligence (AI), where he was the Senior Growth and Commercialisation Manager focused on helping companies grow their businesses through AI. Before that, he spent time at Deutsche Bank in London as the Vice President for their Global Growth Debt team, and was the Head of the Technology Sector for the Bank of Ireland for nearly five years.

“I’m excited to return to the banking sector to support the continued growth of Ireland’s Innovation Economy, especially with J.P. Morgan, which has such a global and comprehensive offering for innovative companies as they scale,” Mullett said.

While J.P. Morgan’s Commercial Banking business has been serving Ireland-headquartered companies for the last several years as part of its broader international expansion initiative, there’s now a clear need and benefit to having support based in the market.

“With VC investment in Ireland rapidly rising, it’s critically important we’re here each day and providing the right solutions, services and support for the Innovation Economy,” said J.P. Morgan’s Innovation Economy lead for the UK and Ireland Rosh Wijayarathna.

About J.P. Morgan Commercial Banking’s International Expansion

J.P. Morgan Commercial Banking initially launched an international expansion effort through its Corporate Client Banking team in early 2019 to cover midsize companies headquartered outside the US for the first time. And in under 5 years, the business has grown to serve these companies in 26 countries outside the U.S., with nearly 175 client-facing employees physically based in 18 of those markets, serving more than 650 clients and calling on over 2,500 prospective clients.

As the team has become more embedded in these markets, there was a natural opportunity to stand up specialised banking capabilities through dedicated banking teams in EMEA. At the start of 2023, J.P. Morgan Commercial Banking announced a formalised structure around its Innovation Economy business in EMEA, establishing a regional coverage model and identifying leads in key markets, including—France and Southern Europe, the UK, Ireland and Nordics, the DACH region, and Israel.