Davy’s money man will be a hard act to follow

Davy’s money man will be a hard act to follow

As the AIB chief executive Bernard Byrne gets ready to step into Kyran McLaughlin’s shoes at Davy he will be conscious that he is replacing the man who has been Ireland’s most important figure in Irish corporate fundraising over the last 40 years

If Bernard Byrne quitting as chief executive of AIB was Friday’s first shock to the Irish financial markets, the later confirmation of his intention to join Davy Stockbrokers was the second. His role there is not just to be deputy chief executive, but to head the capital markets division. The announcement from Davy was that he would replace Kyran McLaughlin in that latter role.

McLaughlin will be 75 years old next year so, in...

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