Thursday 22 June 2017

David Shubotham

ROISIN BURKE

SWOPPING Foxrock for the land of the cuckoo clock, ex-Davy high-flyer David Shubotham lives in Switzerland but holds a plethora of fund management interests here.

After graduating with a business degree from UCD, Shubotham trained as an accountant and at Aer Lingus as a graduate intern. Within a few years of joining Davy Stockbrokers in 1973 he was running the bond desk there, and from 1985 he was voted leading stockbroker for institutions each year until he retired from the desk in 1991. He had an eye for horseflesh, and chaired the Irish National Stud in the Eighties.

In 1988, Bank of Ireland coughed up IR£30m for 90 per cent of Davy, making Shubotham and his partners, including Elan's Kyran McLaughlin, multimillionaires. He continued to work for Davy as CEO of its IFSC company until 2001.

Shubotham helped put together some early Celtic Tiger property consortiums, including one in South County Dublin that cemented Sean Dunne's fortune. He and some big names invested €9.6m in the company behind Wexford's famous White's Hotel, which went into liquidation with heavy debts.

He is director of Goldman Sachs's Ireland-based companies and serves on the board of many investment firms including HSBC's exchange traded fund and SVM Global Capital. Property interests include a company called Dali, which owns commercial space at Citywest in Dublin.

He now lives in a lakeside village between Lausanne and Geneva, Switzerland.

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