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Anglo Irish Bank appoints KPMG as receiver over certain UK properties

COLM KEENA The Irish Times
Anglo Irish Bank appoints KPMG as receiver over certain UK properties - Irish Bank - ANGLO - Ireland - UK Property


ANGLO IRISH Bank has appointed KPMG as receiver over certain properties in the UK in which its former director Tom Browne, has an interest.



The one-time head of Irish operations and contender for the top job at the now nationalised bank, is understood to owe in excess of €10 million to his former employer.

Browne failed to win the top job when it went to David Drumm, the former chief executive of Anglo who is also being pursued in relation to money owed to the bank. The bank is also seeking the repayment of money owed by its former chairman, Seán FitzPatrick.

Many of the bank’s former directors had shares in the bank which are now worthless.

It is understood the KPMG exercise does not involve Mr Browne’s interests in Ireland, including property he owns in Galway in partnership with a senior AIB executive, John Hughes.

Mr Hughes and Mr Browne lease space in Galway office buildings to the State under the name of the Ballybrit Partnership.


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