FINANCIER Dermot Desmond was last night honoured for his outstanding contribution to Ireland.
This year marks the 25th year of the International Financial Services Centre (IFSC) in Dublin, and Mr Desmond was recognised at the 'Business & Finance' awards for the pivotal role he played in the conception and establishment of the IFSC. Set up in 1987, the IFSC is host to half of the world's top 50 banks and to half of the top 20 insurance companies. Over 30,000 people are currently employed in the IFSC.
Over 800 guests attended the awards at the Convention Centre Dublin. Five companies and executives were honoured with awards for their contributions to businesses.
Alltech founder Dr Pearse Lyons received the Business Person of the Year award, while Duncan Niederauer, chief executive of NYSE Euronext, was presented with a special recognition award for his outstanding investment and economic contribution to Ireland.
Enterprise of the Year went to Glenilen Farm, a dairy farm business run by the Kingston family for generations which has developed the Glenilen range of popular dairy products including yogurts and cheesecakes. Kerry Group won the company of the year.
At the awards were, from left, Dr Pearse Lyons of Alltech, Terence O'Rourke of KPMG, Duncan Niederaruer of NYSE, Ian Hyland, publisher of 'Business & Finance', and Dermot Desmond.