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Senior Davy executive departs board role at company suing stockbrokers parent Bank of Ireland

Pat Cooney, the head of wealth management at Davy and one of the most senior executives in the firm, resigned from the board of Ailmount Investments at the end of July ....

Pat Cooney , Ailmount Investments Ltd , Ailmount Investments ,

Ex Davy shareholders sue Bank of Ireland a year after close of sale

Former shareholders of Davy Stockbrokers have launched a legal action against new owner Bank of Ireland, which bought the business last year in a deal valuing the scandal hit brokerage at €427m. ....

United Kingdom , Pat Cooney , David Smith , Brian Mckiernan , Patrick Kearney , Kyran Mclaughlin , High Court On , Central Bank , Anglo Irish Bank , Davy Group , Ailmount Investments , High Court , Dentons Solicitors , Business Post ,

Minister calls on Davy to resolve shareholding concerns


Minister calls on Davy to resolve shareholding concerns
Group of 16 involved in rogue bond trade own at least 33% of stockbrokers
Sun, Mar 7, 2021, 17:04
 
Davy needs to “very promptly” address concerns surrounding the fact that former senior executives involved in a controversial bond trade remain major shareholders in the group, the Minister of State at the Department of Finance, Seán Fleming, has said.
The group of 16 individuals involved in a 2014 trade at the centre of a €4.1 million regulatory fine and rebuke last week, for breach of market rules, are estimated to own at least a third of a business that is estimated to be worth about €400 million. ....

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