Davy closes bond desk after multiple MiFID breaches, Ireland PD role withdrawn

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By Burhan Khadbai
09 Mar 2021

Davy, the Irish brokerage firm, has shut its bond desk with immediate effect following a damning investigation by the Central Bank of Ireland which found a group of employees breached markets regulation for personal financial again over a period of two years.

The closure of Davy’s bond desk has resulted in four redundancies. Davy declined to provide the names of the individuals concerned when contacted by GlobalCapital.

Davy’s board has also accepted three voluntary resignations of senior members of the firm; Brian McKiernan, chief executive and board director, Kyran McLaughlin, ...

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