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McKiernan to lead Davy

Davy Stockbrokers has named Brian McKiernan as its next chief executive. He will take over after the departure of Tony Garry (63), who is stepping down next year.

Davy is the country's biggest brokerage business.

Yesterday, Davy said that Mr Garry had advised the board that he intends to step down as chief executive in March.

Mr McKiernan (51) is a member of the senior executive team at Davy and a board member of J&E Davy, where he has worked since 1989.