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TrueNoord Expands Executive Team

TrueNoord Strengthens Executive Leadership Amid Industry Challenges
Specialist leasing firm TrueNoord has bolstered its executive team with the addition of three experienced professionals, reinforcing its expertise across Europe and Singapore. This strategic expansion occurs against a backdrop of significant challenges within the insurance and leasing sectors, including difficulties in talent acquisition and retention, increased investor scrutiny, and persistent economic uncertainty.
New Appointments Enhance Financial, HR, and Risk Capabilities
Brendan Dempsey has been appointed Finance Manager at TrueNoord’s Amsterdam office. Bringing over a decade of experience in aircraft leasing, Dempsey’s previous roles include positions at KPMG Ireland, AMCK Aviation, and AIP Capital. He holds a Bachelor of Science in Accounting from Gardner-Webb University in North Carolina. Dempsey cited TrueNoord’s strong reputation in the regional jet leasing market as a decisive factor in his move, noting the company’s well-regarded finance team within the industry. His expertise spans financial reporting, audit management, debt reporting, and tax advisory.
Marlous Helderman returns to TrueNoord after a prior interim engagement, bringing a robust background in human resources consultancy, organisational development, and law. She emphasized the company’s culture as a key motivation for rejoining, highlighting the diverse and passionate workforce. Helderman aims to further cultivate TrueNoord’s working environment, supporting its growth trajectory and fostering a culture where employees can thrive.
Michelle Kilcoyne joins the Dublin office as Risk Analyst, having previously served as Senior Analyst in the Climate Capital division at Allied Irish Banks (AIB). Kilcoyne pointed to TrueNoord’s rapid expansion and strong industry standing as major attractions. She noted the company’s growth to a fleet exceeding 100 aircraft over the past decade and its ambitious future targets within the regional aircraft sector.
Navigating a Competitive and Volatile Industry Landscape
TrueNoord’s executive team expansion reflects the company’s proactive approach to navigating a competitive market where attracting and retaining top talent is increasingly difficult. This move may prompt competitors to strengthen their own leadership ranks or closely observe TrueNoord’s strategic developments. Investors and stakeholders are expected to scrutinize these appointments as indicators of the company’s leadership strength and future direction, particularly amid ongoing economic volatility and affordability pressures.
Anne-Bart Tieleman, CEO of TrueNoord, expressed confidence in the new appointments, stating, “We have an exceptional team and it is a point of pride for us all that we continue to attract the best talent from across our industry and beyond. We are very pleased to welcome Brendan, Marlous and Michelle to TrueNoord and appreciate the enthusiasm, knowledge and professionalism they have already brought to their new roles.”
As TrueNoord continues its expansion, its ability to adapt to industry headwinds and leverage its enhanced executive team will remain under close observation by competitors and stakeholders alike.

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