Over the past couple of years we have grown accustomed to the interconnections between various sports and investment activities. And while this combination has a nice side, such as sponsorships and charity campaigns, it has a downside too.
The Central Bank of Ireland today announces the imposition of a ban from the financial industry on Mr Darren Gleeson, known as a Tipperary hurler. The prohibition notice is valid for an indefinite period.
The regulator did not provide any details for the grounds of its decision, but said it has the power to approve senior appointments to regulated firms and powers to investigate, suspend, or prohibit persons from the financial services industry where concerns arise about their fitness and/or probity. The Fitness & Probity Standards require that a person performing a controlled function or pre-approval controlled function should be:
- competent and capable;
- honest, ethical and to act with integrity;
- financially sound.
Mr Gleeson is a former director at Quinlan Financial Services, a multi agency intermediary regulated by the Central Bank which offers independent advice to the wider public on all aspects of pensions, protection and investments.
For the full announcement from the Central Bank of Ireland, click here.