AV AirFinance, a global commercial aviation loan servicer, appointed Stephen Murphy CEO. Murphy will be based in Dublin and succeed Siggi Kristinsson, who passed away in December 2021. Murphy will oversee AV AirFinance’s continued growth and lead a team of finance executives in building an aviation lending platform to support the financing needs of airlines, lessors, manufacturers and investors.

Murphy has asset financing experience in both aircraft leasing and banking, most recently working at Goshawk Aviation Limited in multiple executive positions, including head of corporate finance and head of airline marketing, with responsibility for all capital markets and structured finance activities, including the development of Goshawk’s asset management platform. Murphy was also a director at HSBC Bank with responsibility for investing the bank’s balance sheet in the aviation sector and developing the bank’s coverage in the aircraft leasing space.

“We are deeply saddened by the loss of Siggi and our thoughts are with his family. AV AirFinance has achieved significant momentum as a result of his veteran leadership and the great team he helped build,” Patrick Clancy, director at KKR and leader of the investment at AV AirFinance, said. “We are delighted to welcome Stephen to lead the AV AirFinance team. His extensive experience across many diverse areas of aviation finance will be extremely valuable as we continue to scale the AV AirFinance platform and look for new and innovative ways to serve our clients.”