This is to encourage new biotherapeutic research in Ireland
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David Gavaghan, CEO, Titanic Quarter
With a background in property and finance, David Gavaghan has been appointed as the new CEO of Titanic Quarter in Belfast following Mike Smith’s retirement.
On taking up the position, he said that before 2020, his aim was to attract at least twice the number of people currently living and working in Titanic Quarter today – “achieving critical mass and a vibrant atmosphere of opportunity for all who live, work, study or come to be entertained”.
Titanic Quarter consists of 185-acres of former shipbuilding land in central Belfast and is one of Europe’s largest waterfront redevelopments.
The scheme is home to the Titanic Belfast visitor attraction which has received over 200,000 visitors since opening in March this year.
Titanic Belfast was a £97m investment funded by a public private partnership involving the Northern Ireland Executive, Belfast City Council, Belfast Harbour and Titanic Quarter Limited.
Other major developments include Titanic Studios, one of Europe’s largest film studios with two new ‘Hollywood-ready’ sound stages, an emerging financial services centre and other commercial, education, residential and leisure facilities.
Around 4,000 people already work and live in Titanic Quarter which is home to some 100 indigenous and overseas firms.
Gavaghan spent the last two years with London-based Quintain Estates & Development. As executive director he was responsible for the specialist fund management business with assets under management increasing from £1bn to £2.3bn during this time.
He was previously CEO of Northern Ireland’s Strategic Investment Board (2004- 2010) with responsibility for helping develop new infrastructure for the region.
Other positions have included director at Hambros Bank, specialising in property and tax-based finance, and head of the Department of Trade & Industry’s Industrial Development Unit, responsible for assessing mobile inward investment across the UK.