News maker: Cormac McCarthy of Paddy Power

A former banker takes a punt on bookies.

10th March, 2013
Cormac McCarthy: for him, the gaming company is deadly serious about risk management. Photo: Garry O' Neill

There are worse fates in life than being the chief financial officer of a successful and fun-loving gambling company. Cormac McCarthy should know.

Before he took up the role of chief financial officer at bookmaker Paddy Power last September, he was best-known as the former chief executive of Ulster Bank. More on that in a moment.

McCarthy looked supremely relaxed at Paddy Power's 2012 results last Tuesday, wearing an open-necked shirt instead of the standard...

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