Former Davy chief: ‘There were no findings against any of the shareholders – none whatsoever’

Brian McKiernan cites ‘gross misunderstanding’ and inaccurate accusations around Anglo bond deal

25th July, 2021
Former Davy chief: ‘There were no findings against any of the shareholders – none whatsoever’
Brian McKiernan himself is set to walk away with more than €70 million from the sale of the firm to Bank of Ireland.

Brian McKiernan, the former chief executive of Davy, has hit back at the widespread criticism of the stockbroker over recent months, describing the public outcry and media reaction to the Central Bank’s record fine over the firm’s role in the infamous Anglo Irish Bank bond deal as a “gross misunderstanding” of what happened.

Speaking exclusively to the Business Post this weekend, McKiernan said, “people are entitled to their opinion”...

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