Davy trader in consortium that bought Anglo bond
Tony O’Connor, a senior bond trader with Davy stockbrokers, has emerged as the third party in a consortium which hoped to make millions from a bond in the former Anglo Irish Bank.
Late last year, O’Connor teamed up with Patrick Kearney, a Maple 10 developer and former Anglo banker Tom Browne, a founder of debt advisors LeBruin Private, to buy the bond with a face value of €27 million for only €2 million.
The bond was originally owned by Kearney, who bought it around the time Anglo was nationalised in 2009 with a loan provided by the bank.
However, he lost control of it when ...
