NCB Group
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| Type | Private |
|---|---|
| Founded | Dublin, Ireland (1981) |
| Founder(s) | Dermot Desmond |
| Headquarters |  Dublin, Ireland |
| Number of locations | 2 |
| Area served | Worldwide |
| Industry | Investment Banking |
| Services | Institutional Equities, Corporate Finance, Wealth Management, Investment Funds & Debt Securities, Venture Capital |
| Website | www.ncb.ie |
NCB Group (originally National City Brokers) is an investment bank based in Dublin, Ireland. 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.[1] During the 1980s Ireland two biggest banks AIB and Bank of Ireland took interests in stockbroking firms, so it was no surprise when NCB was sold to Ulster Bank, then part of the National Westminster Bank.[2][3]. Once National Westminster were taken over by the Royal Bank of Scotland NCB was bought out by its management with the assistance of Sean Quinn[4].
NCB sold its money broking arm to management and employees in 2004.[5][6]
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.[7]
The firm is noted for the quality of its research and its commentary on the Irish economy and property market. NCB are currently (2006) predicting that underlying potential real rate of growth in Irish GDP in the five years to 2010 could be close to 5.75%, 5% between 2011 and 2015, and 4% to 2020.[8]
See also
[edit] References
- ^ O'Coineen, Enda (1990). Sail Ireland: NCB Ireland Challenge in the Whitbread Round the World Race, 1989-90. Kilcullen International. ISBN 978-0951666203.
- ^ "Ulster Bank: Our History - Our Heritage Timeline". http://www.ulsterbank.com/group_04.asp?id=GROUP/OUR_HISTORY/OUR_HISTORY/UB_TIMELINE. Retrieved on 2007-06-08.
- ^ "RBS: The Archive Guide - Ulster Bank Ltd". http://www.rbs.com/about03.asp?id=ABOUT_US/OUR_HERITAGE/OUR_ARCHIVES/ONLINE_ARCHIVE_GUIDE/THE_ARCHIVE_GUIDE/ULSTER. Retrieved on 2007-06-08.
- ^ Aughney, Jim (2003-11-04). "Quinn group takes the 20pc Desmond-backed NCB stake". Irish Independent. http://www.independent.ie/business/irish/quinn-group-takes-the-20pc-desmondbacked-ncb-stake-194773.html. Retrieved on 2007-06-08.
- ^ "NCB sells moneybroking arm". Irish Examiner. 2004-10-23. http://archives.tcm.ie/irishexaminer/2004/10/23/story573160074.asp. Retrieved on 2008-03-27.
- ^ O'Halloran, Barry (2004-10-23). "NCB to sell division for over €1m". Irish Times. http://www.irishtimes.com/newspaper/finance/2004/1023/1097847312583.html. Retrieved on 2008-03-27.
- ^ Hanley, Cathal (2005-09-26). "NCB venture capital fund to realise 75% return". Irish Times. http://www.irishtimes.com/newspaper/breaking/2005/0926/breaking46.html. Retrieved on 2008-04-02.
- ^ "2020 Vision - Ireland's Demographic Dividend". http://www.ncb.ie/downloads/pdf/NCB2020Vision.pdf. Retrieved on 2007-09-27.
