Company type | Private |
---|---|
Industry | Investment Banking |
Founded | 1981 in Dublin, Ireland |
Founder | Dermot Desmond [1] |
Headquarters | Dublin, Ireland |
Number of locations | 2 |
Area served | Worldwide |
Services | Institutional equities, Corporate finance, Wealth management, Investment funds & Debt securities, Venture capital |
Website | www.ncb.ie |
NCB Group was an investment bank based in Dublin, Ireland. [2] Founded by Dermot Desmond, NCB firmly established its reputation by sponsoring a yacht NCB Ireland in the 1989 Whitbread Round-the-world yacht race, now the Volvo Ocean Race. [3]
It was taken over by Investec and rebranded in 2013. [4]
During the 1980s after Ireland's two biggest banks Allied Irish Banks and Bank of Ireland took interests in stockbroking firms, NCB was sold to Ulster Bank, a subsidiary of National Westminster Bank. [5] [6]
After National Westminster was taken over by the Royal Bank of Scotland, NCB was bought out by its management with the assistance of Sean Quinn. [7]
NCB sold its money broking arm to management and employees in 2004. [8] [9]
Investors in a fund started by the venture capital arm of NCB, NCB Ventures, realized a 75% return on their investment when the fund closed in 2006. [10]
Company type | Private |
---|---|
Industry | Investment Banking |
Founded | 1981 in Dublin, Ireland |
Founder | Dermot Desmond [1] |
Headquarters | Dublin, Ireland |
Number of locations | 2 |
Area served | Worldwide |
Services | Institutional equities, Corporate finance, Wealth management, Investment funds & Debt securities, Venture capital |
Website | www.ncb.ie |
NCB Group was an investment bank based in Dublin, Ireland. [2] Founded by Dermot Desmond, NCB firmly established its reputation by sponsoring a yacht NCB Ireland in the 1989 Whitbread Round-the-world yacht race, now the Volvo Ocean Race. [3]
It was taken over by Investec and rebranded in 2013. [4]
During the 1980s after Ireland's two biggest banks Allied Irish Banks and Bank of Ireland took interests in stockbroking firms, NCB was sold to Ulster Bank, a subsidiary of National Westminster Bank. [5] [6]
After National Westminster was taken over by the Royal Bank of Scotland, NCB was bought out by its management with the assistance of Sean Quinn. [7]
NCB sold its money broking arm to management and employees in 2004. [8] [9]
Investors in a fund started by the venture capital arm of NCB, NCB Ventures, realized a 75% return on their investment when the fund closed in 2006. [10]