Companies

Davy surges back with hiring spree despite €4.1m Central Bank fine

More than 100 staff recruited by stockbrokers, including at senior level, following €593 million takeover by Bank of Ireland

Davy has taken on a string of senior executives in its wealth management and capital markets arms. Picture by Fergal Phillips

Davy stockbrokers continues to grow despite the fallout from its record fine from the Central Bank in 2021 and the multiple challenges facing Ireland’s capital markets.

Headcount at the firm has risen to almost 900 following a hiring campaign over the last 18 months that has added more than 100 roles, including a string of senior hires in its wealth management and capital markets arms.

The firm’s wealth management arm has been a major beneficiary ...