Belfast Telegraph

Executives at centre of Anglo case

The two former directors of Anglo Irish Bank found guilty over a multi-million euro loans-for-shares operation were both high flyers before the bank's collapse.

:: Willie McAteer, originally from Co Donegal, was former group finance director and chief risk officer at the bank.

He was made a director back in 1992 and resigned from the bank in January 2009 as the state stepped in.

Just over a year after his departure he became the second director arrested in the marathon fraud investigation.

He earned 2.2 million euro in his last three years with Anglo. In 2007 alone, he took home 1.43 million euro, including an 800,000 euro bonus. He also held an extensive portfolio of shares.

McAteer was the man David Drumm took with him to try to attract investment from sovereign wealth funds, blue chip banks and US investors as the bank bled hundreds of millions to cover Sean Quinn.

The 63-year-old has a house on Auburn Villas in the well-heeled south Dublin suburb of Rathgar.

:: Pat Whelan was head of group risk at Anglo.

In 2006 he was elevated to the executive board and head of Irish operations, overseeing billions in loans to property speculators.

The 51-year-old, who grew up in Marlborough Street, a stone's throw from Dublin's O'Connell Street, now has a home in the leafy coastal suburb of Malahide.

He stepped down from the board a month after the bank was nationalised in January 2009 but remained working for the bank under state control for another 12 months.

He also compiled a detailed report on the loans-for-shares deal just after the government stepped in.

Whelan made 2.14 million euro in his last three years working for the bank.

The trial heard he joined Anglo nine years after leaving school and learning the banking ropes in Allied Irish Banks.

He was said to have climbed Anglo's corporate ladder through hard work, diligence and not shirking responsibilities, all this despite having no formal qualifications in chartered accountancy or law.

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