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Former Davy CEO departs boards amid bond scandal fallout


Former Davy Group chief executive Tony Garry has resigned as chairman and director of BES Management, a joint venture between Davy and BDO for managing investments under the Employment and Investment Incentive Scheme (EIIS).
He departed the board of the company on March 8, just six days after Davy was fined €4.13m and reprimanded by the Central Bank for a controversial 2014 bond deal in which he participated. His resignation was confirmed by a spokesperson for BES.
The news follows his departure from the board of the Mater Misericordiae University Hospital, which was reported in the
Sunday Independent, and the resignation of his colleague Brian McKiernan from the provost’s council at Trinity College Dublin and the governing council of the Royal Victoria Eye and Ear Hospital in Dublin. ....

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