Dermot Desmond

Dermot Desmond is an Irish businessman and financier. He is estimated to be worth €2.04 billion and is ranked by the Sunday Independent as the ninth-richest person in Ireland.

Dermot Desmond started his career in finance at Citibank, and later worked for the Investment Bank of Ireland and PricewaterhouseCoopers.

In 1981 he founded NCB Stockbrokers, which became Ireland’s largest independent brokerage; he sold it for $39 million in 1994.

With the proceeds, Desmond started his own private equity firm, International Investment & Underwriting.

IIU now has stakes in travel software firm Datalex, Mountain Province Diamonds, Barchester Healthcare and Glasgow soccer club Celtic PLC.