Merrion executives to quit in shake-up

STOCKBROKER Merrion Capital has announced three of its top executives are to leave the company in a significant shake-up at the group, previously owned by collapsed Icelandic bank, Landsbanki.

Michael Hodson, Enrique Curran and Adrian O’Carroll, significant shareholders in the company, are to leave the business. Following their departure Merrion will restructure its shareholder base through a commercial share offer.

In a statement last night it said the group continued to trade profitably, and it would be led by John Conroy as chief executive and Shane Nolan.