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Irish bank ex-CEO sits out crisis on Cape
 

April, 13, 2010



David K. Drumm was an affable and driven young banker in the late 1990s when he arrived in Boston to build a commercial loan business for Anglo Irish Bank. Willing to take bigger risks on bigger deals, Anglo Irish quickly became a major player in the city’s real estate market, ultimately financing such projects as the Mandarin Oriental hotel and the sale of Fan Pier on the South Boston Waterfront.

Success in Boston was Drumm’s springboard back to Dublin, where in 2005, at age 38, he became Anglo Irish’s chief executive. Under him Anglo Irish continued its roaring growth, the bank a much envied symbol of Ireland’s economy, which was booming at the time.Drumm is now back in the United States, living in a $4.6 million waterfront home in Chatham. But it is not the retiring life of a successful businessman.




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