Facing trial: the three former Anglo executives
Peter Fitzpatrick. Photograph: Niall Carson/PA
Denis Casey. Photograph: Collins Courts
John Bowe. Photograph: Collins Courts
appointed to the board in 2000.
In May 2007, Mr Casey succeeded David Went as group chief executive of Irish Life & Permanent, which was then a large listed company and one of the biggest financial players in Ireland.
Mr Casey resigned from the board of IL&P on February 28th, 2009. His employment with the company ceased on May 14th that year.
The company’s annual report for the year shows that he received total remuneration of €4.57 million in 2009, up from €942,000 in the previous 12 months.
This included a payment of €1.25 million in lieu of service in accordance with his “contractual entitlements” and €2.93 million relating to his pension.
Since leaving IL&P, Mr Casey has qualified as a barrister and is listed in the law library as a junior counsel with the following specialisations: banking, finance and securities, bankruptcy/insolvency/reorganisations, company law, insurance law, pensions law and tax law.
Mr Casey, who is 54 and lives in Castleknock, Dublin, is also a former chairman of Financial Services Ireland, and a past president of the Insurance Institute of Ireland.
A chartered accountant by trade, Mr Fitzpatrick was a partner with Coopers & Lybrand (now part of PwC) establishing himself as an examiner before joining the executive ranks of the financial sector.
He was appointed to the board of Irish Permanent in 1992. The building society subsequently merged with Irish Life to form Irish Life & Permanent. Mr Fitzpatrick was regarded as a key player in driving the demutualisation and flotation of Irish Permanent and its subsequent merger with Irish Life in 1999.
Mr Fitzpatrick retired from the board of IL&P and ceased employment with the company on February 13th, 2009. He was paid €719,000 in 2009, down from €988,000 in the previous year. This included a payment of €540,000 in lieu of notice as per the terms of his contract.
Other roles included acting as a non-executive director of the former Jurys Doyle hotel chain and as non-executive chairman of Dalata Ltd, an Irish hotel management company.
Mr Fitzpatrick is 61 and lives in Portmarnock, Co Dublin.
A low-profile executive of Anglo Irish Bank before the financial crash, John Bowe came to prominence earlier this year through the release of the so-called Anglo Tapes.
These detailed a number of colourful conversations between senior executives of the bank before its collapse in 2008 and subsequent nationalisation.
Mr Bowe joined Anglo in 2001 and held a number of senior treasury positions, including head of wholesale funding, before being promoted to head of capital markets in 2008, in charge of wholesale funding.
He was later elevated to director of corporate development and was involved in Anglo’s efforts to collect debts owed by the family of Sean Quinn, once Ireland’s richest man.
Since leaving the bank in March 2012, Mr Bowe is reported to have founded his own consultancy firm, working with accountancy practices on client engagements in the leisure and healthcare sectors.
Mr Bowe was one of the Anglo executives to transition to the Irish Bank Resolution Corporation, which was formed by the State through the merger of parts of Anglo and parts of the former Irish Nationwide building society.
Mr Bowe is 50 and lives with his family in Glasnevin, Dublin.