One More Thing: Davy Private Clients looks to the North

Davy has added some more muscle to its private clients business

Davy has added some more muscle to its private clients business.

Davy has added some more muscle to its private clients business.

 

Davy has added some more muscle to its private clients business. Davy has added some more muscle to its private clients business. The broker has just appointed Henry Algeo, a retired former boss of UK-listed financial company Brewin Dolphin, to the advisory board of the division.

Algeo retired last year as the managing director of Brewin Dolphin, which operates in the south of Ireland via Tilman Brewin Dolphin, run by former Goodbody broker Ray Tilson. Able to simultaneously maintain relations with both ex Goodbody and Davy types? That’s like having friends in both North and South Korea. This Algeo guy is clearly a skilled diplomat. He formerly ran Brewin’s Belfast office.

Davy Private Clients recently expanded up North with the purchase of Seven Square Financial Planning. It has also been expanding in the west and south of the country. There’s still rich folk left outside the Pale.

Algeo joins a board currently populated with internal directors such as Stephen Felle, Brian McKiernan and Pat Cooney. I hear that more non-execs may be on the way.

Separately, Davy has just relaunched a fancy new website so that its clients can track how their fortunes are faring. The firm has worked on the site for more than 18 months, and apparently spent a substantial six-figure sum on the offering, which is also compatible with mobile phones and iPads and the like. Irish stockbroking enters the digital age . . .

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