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Davy 16 scandal: The Belfast developer in eye of Republic's financial storm


It is a scandal that has ripped through Dublin s often intertwined financial and political circles, but has barely caused a ripple north of the border.
Yet the Davy 16 golden circle drama involves one of Northern Ireland s most high-profile developers and a company that manages an estimated £1.8 billion worth of assets owned by individuals and organisations here.
And that includes a contract to manage nearly £200m in court funds for the Department of Justice.
J&E Davy, better known simply as Davy, a storied and many decades-established stockbroking firm in Dublin, only stepped across the border in 2007.
But an aggressive acquisition strategy, including the takeover of Danske Bank clients, Pension Financial Consultants and Graham Corry Cheevers, has helped it grow into a wealth management giant here. ....

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