D'Arcy joining lobbying group - after Seanad speech on funds bill; SF questions legality of appointment

Michael D'Arcy, pictured at an election count in 2017. He has left the Seanad to head of the Irish Association of Investment Managers. Picture: Mary Browne

Michael D’Arcy, who resigned his Seanad seat today to join a funds lobbying group, spoke in the Seanad last week in favour of a bill for which funds have been lobbying for the last five years.

Mr D’Arcy issued a statement today saying that he was leaving the Seanad to take up a role as chief executive of the Irish Association of Investment Managers (IAIM), the representative body for the funds and investment industry in this country.