Davy to hire Deutsche Bank’s O’kelly as CFO

Sunday Independent (Ireland) - Business & Appointments - - FRONT PAGE - Sa­man­tha Mc­caugh­ren

DAVY is set to an­nounce the ap­point­ment of Deutsche Bank’s Caitri­ona O’kelly as CFO, the Sun­day In­de­pen­dent un­der­stands. She suc­ceeds Peter New­man, who stepped down af­ter 18 years with the group.

O’kelly is a man­ag­ing di­rec­tor at Deutsche Bank, where she is global head of trea­sury reg­u­la­tion and head of EMEA trea­sury.

A Trin­ity grad­u­ate, she has also worked with ING and the Eu­ro­pean Bank­ing Fed­er­a­tion in Brus­sels, the In­sti­tute of In­ter­na­tional Fi­nance in Wash­ing­ton and with AIB.

O’kelly is the lat­est in a string of se­nior ap­point­ments at the stock­bro­kers, in­clud­ing Cathal Sheri­dan who joins from Paddy Power Bet­fair, to take up the role of COO at Davy later this month. In a sur­prise ap­point­ment last month it was an­nounced that AIB’S Bernard Byrne will suc­ceed Kyran Mclaugh­lin as head of cap­i­tal mar­kets in May 2019.

Davy is rolling out its big­gest ever ad cam­paign, which is un­der­stood to en­tail an in­vest­ment of more than €1m over the next 18 months. The premise of the cam­paign is ‘It’s not just busi­ness, it’s per­sonal’ and is aimed at grow­ing the wealth man­age­ment divi­sion.

Davy is the only re­main­ing large Ir­ish-owned stock bro­ker fol­low­ing the ac­qui­si­tion of Good­body Stock­bro­kers by Chi­nese in­vestors. It em­ploys 680 peo­ple, many of whom are share­hold­ers in the com­pany. It has of­fices in Dublin, Lon­don, Belfast, Cork and Gal­way and in re­cent years has fi­nanced eight ac­qui­si­tions from cash flow – Blox­ham, Pre­scient, Icubed, TAG, Square­seven, GCC, PFC and Danske.

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