WEALTH February 27, 2026 0 Comments

Davy’s Fixed Income Power Play: What Four New Additions Mean for the Market’s Hidden Opportunities

Ever wonder what it takes for a firm to reboot a powerhouse fixed income team and snag a coveted primary dealer spot for government bonds? Well, Davy Ireland isn’t just dipping its toes in the debt capital market waters—they’re diving in headfirst and doubling down on a strategy that’s all about muscle and might in the world of bonds and debt origination. Since reopening its fixed income desk in 2023, Davy’s been on a recruitment spree, adding heavyweight players with stints across BNP Paribas, HSBC, Bank of Ireland, and Cantor Fitzgerald. This isn’t just about filling seats; it’s about gearing up for a surge—pumped by massive government and private sector investments in infrastructure and housing—that’s expected to drive a tidal wave of capital market activity. So, if you think fixed income is just vanilla bonds, think again. Davy’s moves tell us something bigger is at play, and trust me, it’s something worth watching. LEARN MORE

Davy Ireland has made a series of senior appointments to its fixed income team.

The investment banking and wealth management services firm reopened its fixed income offering in March 2023 and its subsequent recognition in 2025 by the National Treasury Management Agency (NTMA) as a primary dealer for Irish government bonds.

Davy continues to invest in its debt capital markets capability as activity increases, with a growing number of corporate and semi-state issuers expected to access both public and private capital markets in the coming years.

In parallel, significant planned investment in infrastructure and housing by the government and the private sector is expected to increase funding requirements and ongoing engagement with domestic and foreign institutional investors.

Aaron McIvor has joined Davy as director of debt capital markets from BNP Paribas in New York, where he spent 18 months on the US Private Placement desk.

Prior to that, he spent five years with BNP Paribas in London and two years with Mizuho in London in DCM roles covering UK and Ireland corporates.

Eavan Coakley has moved from Bank of Ireland to be named director of debt origination.

Since joining Bank of Ireland in 2019, she has gained experience across a range of treasury risk products and, from 2024, led the establishment of an expanded green product offering for Irish corporate clients.

She previously held debt-related roles with Investec, ANZ Bank and RBS.

Ross Keeling has left HSBC after 13 years to take up the role of director of debt solutions with Davy. At HSBC, he held roles including infrastructure and real estate debt origination. Most recently, he led HSBC’s sustainable finance initiative across European markets.

Finally, Rod McAuliffe will join Davy’s fixed income trading team in April from Cantor Fitzgerald, where he has been a senior bond trader since 2019. Prior to that, he spent four years in Bank of Ireland’s global markets division in interest rate swap and FX trading roles.

Commenting on the appointments, Michael Cummins, head of fixed income at Davy, said: “The continued build-out of our Fixed Income team reflects a sharp uptick in activity levels in Debt Capital Markets, a trajectory that we expect will continue given significant planned investment in infrastructure and housing across the public and private sector over the coming years.”

(Pic: Sasko Lazarov/RollingNews.ie)