Sunday 25 February 2018

Goodbody owner Fexco appoints McCarthy as new CEO

Denis McCarthy is the founder of information technology company Annadale Technologies, which specialises in the design and development of web transaction processing applications.. Photo: YASUYOSHI CHIBA/AFP/Getty Images
Denis McCarthy is the founder of information technology company Annadale Technologies, which specialises in the design and development of web transaction processing applications.. Photo: YASUYOSHI CHIBA/AFP/Getty Images
Gavin McLoughlin

Gavin McLoughlin

Kerry-based financial services company Fexco has appointed Denis McCarthy as its new chief executive with immediate effect.

Mr McCarthy had been acting chief executive after Gavin O'Neill left his role as group managing director at the end of last year.

Fexco owns Goodbody Stockbrokers, whose management will report to Mr McCarthy, pictured below.

Mr McCarthy is son of Fexco founder Brian McCarthy, who started the Killorglin-based company in 1981.

Denis McCarthy is also the founder of information technology company Annadale Technologies, which specialises in the design and development of web transaction processing applications.

He also founded Aviso, a payments software company.

Fexco employs more than 2000 people in 28 countries across Europe, the Middle East, Asia, North America, Latin America and Australasia.

It provides foreign exchange and credit transfer services to its customers.

The company had net assets of €275m at the end of 2013 and made a profit of €46m in 2012.

Fexco is an unlimited company so it doesn't have to provide a full set of accounts to the Companies Registration Office.

Irish Independent

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