Goodbody staff are waiting for a decision from Fexco, the company’s 51 per cent owner, over who is to be their new parent company. The decision is believed to be down to Davy and Bank of China, with Irish Life a distant third. A lot is at stake. Davy and Bank of China are very different companies with very different plans for Goodbody. Bank of China is the fourth biggest bank in the world by assets ($3 trillion if you’re wondering). But for its size, it’s not very global. 92.5 per cent of its assets are in China, Hong Kong,…

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What does Bank of China want from Goodbody? And can it be trusted to follow through?

Davy and the Bank of China are the two leading contenders to buy Goodbody stockbrokers. Fexco, the 51% owner of Goodbody, will have the final say. For Goodbody staff, who own the remaining 49%, a lot is at stake.

24th Oct, 2019 - 7 min read

Sean Keyes

Finance Correspondent

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