NCB Group
{{Use dmy dates|date=April 2022}}
{{Infobox company
| name = NCB Group
| type = Private
| founded = 1981 in Dublin, Ireland
| founder = Dermot Desmond{{cite web | title=FAI can steer clear of Aviva turbulence | website=Independent.ie | date=October 23, 2011 | url=https://www.independent.ie/sport/soccer/fai-can-steer-clear-of-aviva-turbulence/26784729.html }}
| locations = 2
| area_served = Worldwide
| industry = Investment Banking
| services = Institutional equities,
Corporate finance,
Wealth management, Investment funds &
Debt securities,
Venture capital
| homepage = [https://web.archive.org/web/20071118174101/http://www.ncb.ie/ www.ncb.ie]
}}
NCB Group was an investment bank based in Dublin, Ireland.{{cite news | last=Ghosh | first=Palash | title=Ireland faces bleak recovery: NCB | work=International Business Times | date=February 8, 2011 | url=https://www.ibtimes.com/ireland-faces-bleak-recovery-ncb-264689 }} 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.{{cite book|last=O'Coineen|first=Enda|title=Sail Ireland: NCB Ireland Challenge in the Whitbread Round the World Race, 1989-90|publisher=Kilcullen International|date=1990|isbn=978-0-9516662-0-3}}
It was taken over by Investec and rebranded in 2013.{{cite web | title=Stockbroker NCB rebrands by taking the name of parent company Investec | work=The Irish Times | author=Ciarán Hancock | date=May 15, 2013 | url=https://www.irishtimes.com/business/financial-services/stockbroker-ncb-rebrands-by-taking-the-name-of-parent-company-investec-1.1393590 | archive-url=https://web.archive.org/web/20230826152506/https://www.irishtimes.com/business/financial-services/stockbroker-ncb-rebrands-by-taking-the-name-of-parent-company-investec-1.1393590 | archive-date=August 26, 2023 | url-status=live }}
History
During the 1980s after Ireland's two biggest banks Allied Irish Banks and Bank of Ireland took interests in stockbroking firms, NCB was sold to Ulster Bank, a subsidiary of National Westminster Bank.{{cite web|title=Our Story|url=http://group.ulsterbank.com/about-us/our-history/our-story.ashx|access-date=1 June 2012|publisher=Ulster Bank|url-status=dead|archive-url=https://web.archive.org/web/20100201225327/http://group.ulsterbank.com/about-us/our-history/our-story.ashx|archive-date=1 February 2010}}{{cite web|title=The Archive Guide - Ulster Bank Ltd |url=http://www.rbs.com/about03.asp?id=ABOUT_US/OUR_HERITAGE/OUR_ARCHIVES/ONLINE_ARCHIVE_GUIDE/THE_ARCHIVE_GUIDE/ULSTER |access-date=8 June 2007 |archive-url=https://web.archive.org/web/20070927063601/http://www.rbs.com/about03.asp?id=ABOUT_US%2FOUR_HERITAGE%2FOUR_ARCHIVES%2FONLINE_ARCHIVE_GUIDE%2FTHE_ARCHIVE_GUIDE%2FULSTER |archive-date=27 September 2007 |publisher=Royal Bank of Scotland |url-status=dead }}
After National Westminster was taken over by the Royal Bank of Scotland, NCB was bought out by its management with the assistance of Sean Quinn.{{cite web | title=Quinn Group takes the 20pc Desmond-backed NCB stake | newspaper=Irish Independent | author=Jim Aughney | date=November 4, 2003 | url=http://www.independent.ie/business/irish/quinn-group-takes-the-20pc-desmondbacked-ncb-stake-194773.html | archive-url=https://web.archive.org/web/20071010061126/http://www.independent.ie/business/irish/quinn-group-takes-the-20pc-desmondbacked-ncb-stake-194773.html | archive-date=October 10, 2007 | url-status=dead }}
NCB sold its money broking arm to management and employees in 2004.{{cite web | title=NCB sells moneybroking arm | newspaper=Irish Examiner | date=October 23, 2004 | url=http://www.irishexaminer.com/archives/2004/1023/ireland/ncb-sells-moneybroking-arm-573160074.html | archive-url=https://web.archive.org/web/20120609122402/http://www.irishexaminer.com/archives/2004/1023/ireland/ncb-sells-moneybroking-arm-573160074.html | archive-date=June 9, 2012 | url-status=dead }}{{cite web | title=NCB to sell division for over €1m | newspaper=The Irish Times | author=Barry O'Halloran | date=October 23, 2004 | url=http://www.irishtimes.com/newspaper/finance/2004/1023/1097847312583.html | archive-url=https://web.archive.org/web/20121010165537/http://www.irishtimes.com/newspaper/finance/2004/1023/1097847312583.html | archive-date=October 10, 2012 | url-status=dead }}
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.{{cite news | title=NCB venture capital fund to realise 75% return | newspaper=The Irish Times | author=Cathal Hanley | date=September 26, 2005 | url=http://www.irishtimes.com/newspaper/breaking/2005/0926/breaking46.html | archive-url=https://web.archive.org/web/20121010165617/http://www.irishtimes.com/newspaper/breaking/2005/0926/breaking46.html | archive-date=October 10, 2012 | url-status=dead }}
See also
References
{{reflist}}
External links
- [https://web.archive.org/web/20070821070923/http://www.ncb.ie/ NCB Group]
- [https://web.archive.org/web/20070927190333/http://www.ncb-ventures.com/ NCB Ventures]
- [http://www.ncbresearch.com NCB Research]
{{DEFAULTSORT:Ncb Group}}