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Dermot Desmond
Irish businessman and financier
Dermot Desmond (born 14 August 1950) is an Irish businessman and financier.[1] He is estimated to be worth €2.04 billion and is ranked by the Sunday Independent as the ninth-richest person in Ireland.[2]
Early life and education
Desmond was born in Macroom, County Cork in 1950 and grew up in Marino, Dublin.
He was educated at Scoil Mhuire, Marino and Good Counsel College in New Ross.
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He left school in 1968 to work at Citibank in Dublin.[3]
Business career
In 1968, Desmond's business career began with Citibank in Dublin, followed by Price Waterhouse in Kabul, Afghanistan.[3] In 1981, he founded National City Brokers in Dublin.
The company competed with already established stockbroking names in Dublin such as Davy's and Goodbodys. Desmond sold the company to Ulster Bank in 1994, which at the time was part of the National Westminster Group, for a reported £39 million.
Subsequently, as
