Two of Davy’s private client team are leaving

Two members of Davy Stockbrokers’s Private Client division who joined the firm following the collapse of Bloxham Stockbrokers in 2012, are both leaving the firm.

Dan Kiely, who was a senior trader at Davy is leaving to join Merrion Capital. Gareth Walsh, who is a portfolio manager with Davy is also leaving, although it is not known where he is going. Neither men could be contacted at the time of going to print.

Angus McDonnell also recently left Davy having joined the firm following the liquidation of Bloxham in June 2012. Davy acquired Bloxham’s private client division at the time.

It is believed that Davy will not be replacing either Mr Kiely or Mr Walsh. The firm declined to comment.

There has been a considerable amount of movement among the stockbroking firms over the past few months. John Murray left Merrion in April to join Investec.

A team of senior executives led a management buyout of Merrion in April for a sum believed to be in the region of €15m.

It has been recruiting across a number of its divisions over the past few months.

So far, Bloxham is the only casualty of the financial meltdown. Fexco has taken over Goodbody and the international firm Cantor Fitzgerald has taken over Dolmen Securities.