Davy closed its bond desk for two years in March 2021 in the wake of a Central Bank fine. Photograph: Dara Mac Dónaill / The Irish TimesDavy has hired four senior bond market figures for its bond desk, in anticipation of an expected surge in debt sales by semistate and corporate issuers in the coming years as investment in infrastructure and the green transition accelerates. Rod McAuliffe, a senior bond trader with Cantor Fitzgerald Ireland, is set to move to Davy’s bond trading team in April. The fallout prompted Davy to close its entire bond desk and ultimately led to the firm being sold to Bank of Ireland – which previously controlled the business for almost two decades – in 2022. The size of the Davy’s bond desk now matches that of rival Goodbody Stockbrokers, where the latter’s team has grown to nine people, across trading, distribution and advisory, from a two-man desk when that firm was acquired by AIB in 2021.

Source: The Irish Times February 27, 2026 15:01 UTC