Sunday 22 October 2017

Modest pay rises at Goggin's IFSC firm

Bank of Ireland's ex-chief executive Brian Goggin said he knew when he was leaving Government Buildings at 3.30am that a six-bank guarantee had been decided on
Bank of Ireland's ex-chief executive Brian Goggin said he knew when he was leaving Government Buildings at 3.30am that a six-bank guarantee had been decided on
Nick Webb

Nick Webb

Along with many of the other bankers at the helm of the banks during the boom, things are going swimmingly for former BoI boss Brian Goggin.

Goggin recently told the banking inquiry that the day of the bank guarantee was "the worst day of his life". He also declined to comment on his reported €650,000 per year pension, other than to say that he'd never been asked to take a voluntary reduction.

Goggin reinvented himself as a private equity player after leaving the bank. He also has a part-time role as a director with IFSC-based Financial Credit Investment Ltd. This group trades hundreds of millions of dollars in whole of life insurance policies around the world.

Last year the three directors got a pay rise. Modest. But any increase is welcome.

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