Michael Culhane

Michael Culhane

Co-Group Chief Executive Officer and Director

Mike founded Pepper in 2000. From 2001 to 2008, Mike chaired the Board as well as founding and running Oakwood Global Finance LLP that grew into a diversified speciality finance business.

Mike is Co-Group CEO along with Patrick and co-chairs with Patrick Tuttle the Pepper Group Global Executive Committee. Mike takes responsibility for acquisitions and the more transactional businesses within the Group such as Pepper’s CRE advisory business. The internal mergers and acquisitions team also report to Mike.

In 2006, Mike organised the sale of Pepper and the wider Oakwood group of businesses to Merrill Lynch debt capital markets. From 2006 to 2008, Mike was the group CEO of Oakwood that in turn owned Pepper and numerous specialty finance businesses in Europe.

As the financial crisis hit in 2008, Mike and his senior United Kingdom team grew Oakwood’s United Kingdom residential mortgage servicing business that was not owned by Merrill Lynch at the time.

In 2010, Mike teamed up with Patrick to organise the purchase of Pepper back from Merrill Lynch that, by then, had been sold to Bank of America. In January 2011, Mike relocated from London to Sydney to run Pepper along with Patrick.

Prior to founding Pepper, Mike served as the Executive Chairman of Future Mortgages (a United Kingdom-based non-conforming residential mortgage lender that was sold to Citigroup in 2001) and the Chief Executive Officer of the European subsidiary of FBR, a United States based, NYSE-traded, investment bank. While at FBR, Mike worked for 10 years in equity capital markets, 4 years in Washington DC in the US and 6 years in London in the United Kingdom.