Business Irish

Monday 20 November 2017

McAteer and Whelan earned over €2m each at Anglo in last three years at bank

Lyndsey Telford

FORMER group finance director and chief risk officer Willie McAteer resigned from the board of executive directors in January 2009 when Anglo Irish Bank was bailed out.

It is understood the 61-year-old, from Auburn Villas in the leafy south Dublin suburb of Rathgar, did not take up another job after leaving the rogue lender.



He earned a total €2.19m in his last three years with the bank - including benefits, pension and performance bonus.



In 2007 alone, he took home €1.43m, which including an €800,000 bonus.



He also held an extensive portfolio of shares, both ordinary and performance shares.



In 2008, he held 80,043 at €9.37 per share.



Meanwhile, Patrick Whelan was head of group risk at Anglo Irish Bank before joining the executive board in 2006 and heading Irish operations.



Whelan made €2.14m in his last three years working for the bank.



In 2007, he took home a remuneration packet of €1.21m including pension, benefits and a €640,000 performance bonus.



He made €650,000 in 2008 and €277,000 in 2009 - both including pension and benefits.



The 50-year-old stepped down from the board a month after the bank was nationalised in January 2009 but continued in his role as managing director of lending in Ireland.



Whelan, from Malahide in north Dublin, stayed with the bank for another 10 months.



After his Anglo days he joined an accountancy and financial services consultancy in south Dublin before pursuing other business interests.



He has been allowed to keep his passport and ordered to sign on at his local garda station on a Sunday as he spends much of his working week in London.



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