Business Irish

Sunday 15 December 2019

Where are they now?

Laurence Crowley


THE ex-Governor of the Bank of Ireland has been a key figure on Ireland's finance scene for more than three decades.

A Belvedere College boy, he went on to UCD and to qualify as an accountant. He joined Stokes Kennedy Crowley, the firm founded by his father. It became part of KPMG, where he was partner in charge of corporate recovery.

He worked on some high-profile receiverships during the 1970s and 1980s, including Bula Mines, and was later on the other end of a receivership as chair of Century Radio, which went bust in the early noughties.

During the 1980s he chaired tobacco firm PJ Carroll and then joined the board at Rothmans when it bought the company out.

He left the family firm in 1990, and became a director of Bank of Ireland that year. He became deputy governor in 1997 and governor in 2000. BoI went from having market capitalisation of €474m in 1990, to being valued at €13bn in 2005. Crowley was Ireland's best-paid chairman by that year, on an annual package of €419,000.

He is a founding member and chairman of UCD's Michael Smurfit Graduate Business School. Last year he was awarded a CBE by the UK for his role in the Northern Ireland peace process.

Now in his 70s, he is as active as ever on company and non-profit boards. He is a director at Aer Lingus and Bord Gais, and chairs electronic payments company Realex. He headed up President McAleese's recent 'Your Country Your Call' initiative.

Sunday Independent

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