Dermot Desmond Net Worth is$1.8 Billion
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Rating: 2.8/5 (4 votes cast)
Nicknames: Island of Ireland
Dermot Desmond net worth: Dermot Desmond is an Irish businessman and financier who has a net worth of $1.8 billion. Dermot Desmond made his career beginnings at Citibank, before taking on position, briefly, as a banking consultant for Pricewaterhouse Coopers in Afghanistan. In 1981, he founded NCB Stockbrokers, which eventually became the largest independent brokerage in Ireland. However, in 1994 Desmond sold NCB for $39 million, and he set up his own private equity firm, International Investment & Underwriting. As for his current investments, they include biometrics company Daon, Mountain Province Diamonds, Barchester Healthcare, and Glasgow soccer club Celtic PLC. Apart from his business deals, Desmond is an avid golfer and thanks to his distinctive mustache he is favorably known as "The Kaiser."
Dermot Desmond is an Irish businessman and financier. He is estimated to be worth a??1.35billion and is ranked by the Sunday Independent as the seventh-richest person in Ireland.
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. Upon leaving school in 1968, he took a junior position with Citibank in Dublin. He then took a job with Pricewaterhouse Coopers in Kabul, Afghanistan. In 1981, he founded the Irish stockbroking company National City Brokers (NCB). He was appointed chairman of the board of Aer Rianta in 1990 under the Haughey government, but resigned in October 1991 amid the scandal over the purchase of the Johnston Mooney & O'Brien site by Telecom Eireann.
International Investment & Underwriting (IIU) was founded in 1995 by Dermot Desmond. It is a private equity firm and the primary investment vehicle for Desmond. It is located in Ireland's International Financial Services Centre (IFSC) and is regulated by the Irish Financial Services Regulatory Authority. Companies that are controlled through IIU include BETDAQ (an international betting exchange) and DAON (a biometric enabling technology company). IIU Asset Strategies Limited is the hedge fund arm of the company, offering convertible bonds and equity funds.
In August 2008, Desmond was offered the position of Chairman of the Irish airline Aer Lingus. Desmond turned down the offer citing prior commitments as a factor which would not allow him the sufficient time necessary to do the job. Former GPA Chief Operating Officer and current Babcock & Brown Air Chief Executive Colm Barrington was subsequently named Chairman of Aer Lingus.
In 1981 Dermot Desmond 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 Westm

Dermot Desmond Net Worth, 2.8 out of 5 based on 4 ratings

Dermot Desmond Latest News

Dermot Desmond's relationship with the Celtic fans needs a bit of work... but hiring Brendan Rodgers has bought the billionaire some time

His continued failure to appear at the club’s annual general meeting, even on occasions as light and breezy as last month’s shareholder gathering at Celtic Park, tends to raise the hackles. The show of ambition — not to mention financial muscle ...
Posted: December 3, 2016, 5:43 pm

INM meeting set to slash pension benefits by 70%

Separately, the company will today seek shareholder approval for measures that would permit the resumption of dividend payments for shareholders including businessmen Denis O'Brien and Dermot Desmond, who between them own almost 45% of the company.
Posted: December 4, 2016, 10:38 pm

Celtic are doing well because Dermot Desmond is taking the club seriously again

ANDY WALKER, the former Celtic player, believes his old club’s success is the result of Dermot Desmond rediscovering his interest in what happens at Parkhead. The majority shareholder was behind the appointment of Brendan Rodgers, who became Scottish ...
Posted: December 3, 2016, 3:22 am
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Dermot Desmond Net Worth is$1.8 Billion
VN:F [1.9.22_1171]
deserves the money?
Rating: 0.0/5 (0 votes cast)
VN:F [1.9.22_1171]
Would you date ?
Rating: 0.0/5 (0 votes cast)
Nicknames: Island of Ireland
Dermot Desmond net worth: Dermot Desmond is an Irish businessman and financier who has a net worth of $1.8 billion. Dermot Desmond made his career beginnings at Citibank, before taking on position, briefly, as a banking consultant for Pricewaterhouse Coopers in Afghanistan. In 1981, he founded NCB Stockbrokers, which eventually became the largest independent brokerage in Ireland. However, in 1994 Desmond sold NCB for $39 million, and he set up his own private equity firm, International Investment & Underwriting. As for his current investments, they include biometrics company Daon, Mountain Province Diamonds, Barchester Healthcare, and Glasgow soccer club Celtic PLC. Apart from his business deals, Desmond is an avid golfer and thanks to his distinctive mustache he is favorably known as "The Kaiser."
Dermot Desmond is an Irish businessman and financier. He is estimated to be worth a??1.35billion and is ranked by the Sunday Independent as the seventh-richest person in Ireland.
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. Upon leaving school in 1968, he took a junior position with Citibank in Dublin. He then took a job with Pricewaterhouse Coopers in Kabul, Afghanistan. In 1981, he founded the Irish stockbroking company National City Brokers (NCB). He was appointed chairman of the board of Aer Rianta in 1990 under the Haughey government, but resigned in October 1991 amid the scandal over the purchase of the Johnston Mooney & O'Brien site by Telecom Eireann.
International Investment & Underwriting (IIU) was founded in 1995 by Dermot Desmond. It is a private equity firm and the primary investment vehicle for Desmond. It is located in Ireland's International Financial Services Centre (IFSC) and is regulated by the Irish Financial Services Regulatory Authority. Companies that are controlled through IIU include BETDAQ (an international betting exchange) and DAON (a biometric enabling technology company). IIU Asset Strategies Limited is the hedge fund arm of the company, offering convertible bonds and equity funds.
In August 2008, Desmond was offered the position of Chairman of the Irish airline Aer Lingus. Desmond turned down the offer citing prior commitments as a factor which would not allow him the sufficient time necessary to do the job. Former GPA Chief Operating Officer and current Babcock & Brown Air Chief Executive Colm Barrington was subsequently named Chairman of Aer Lingus.
In 1981 Dermot Desmond 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 Westm

Dermot Desmond Net Worth, 2.8 out of 5 based on 4 ratings

Dermot Desmond Latest News

Celtic are doing well because Dermot Desmond is taking the club seriously again

ANDY WALKER, the former Celtic player, believes his old club’s success is the result of Dermot Desmond rediscovering his interest in what happens at Parkhead. The majority shareholder was behind the appointment of Brendan Rodgers, who became Scottish ...
Posted: December 3, 2016, 3:22 am

Dermot Desmond's relationship with the Celtic fans needs a bit of work... but hiring Brendan Rodgers has bought the billionaire some time

His continued failure to appear at the club’s annual general meeting, even on occasions as light and breezy as last month’s shareholder gathering at Celtic Park, tends to raise the hackles. The show of ambition — not to mention financial muscle ...
Posted: December 3, 2016, 5:43 pm

RODGERS HAS 3 HOUR MEETING WITH DERMOT DESMOND AS HE PREPARES TO BUY IN JANUARY

Rodgers – who led his side to a dramatic 4-3 win over Motherwell at Fir Park yesterday to lead second-placed Sevco Rangers by eight points with three games in hand – met with Desmond in London to discuss the next stage of his rebuild of the champions.
Posted: December 4, 2016, 3:15 am
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