Heads roll at Davy in wake of scandal over double-dealing

The troubled stockbroker’s CEO and two other senior executives have resigned over a 2014 bond deal that resulted in a €4.1m fine from the Central Bank

Aaron Rogan

News Correspondent @aarrogan

Aiden Corkery

Political Correspondent @aiden_corkery
7th March, 2021
Heads roll at Davy in wake of scandal over double-dealing
Davy was hit with a €4.1 million fine by the Central Bank last week for four breaches of the European Communities (Markets in Financial Instruments) Regulations 2007

The chief executive of Davy Stockbrokers and two senior executives have been forced to resign in the fallout of the Central Bank’s record €4.1 million fine and findings of a slew of “serious issues” relating to a 2014 bond deal.

Brian McKiernan, Davy’s chief executive, Kyran McLaughlin, a non-executive director, and Barry Nangle, the head of bonds, tendered their resignations yesterday afternoon after a week of turmoil for the embattled stockbroking giant....

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