First Derivatives founder Brian Conlon dies

Brian Conlon
Image caption Mr Conlon were identified with most cancers however persevered to paintings as leader government all over his remedy.

Brian Conlon, considered one of Northern Ireland’s maximum a hit businessmen, has died.

He used to be the founder and leader government of the Newry-based monetary generation corporate First Derivatives.

Mr Conlon based First Derivatives in 1996 and grew it right into a trade valued at £1bn with greater than 2,000 group of workers.

In May, it used to be introduced that Mr Conlon were identified with most cancers, however would proceed to paintings as leader government all over his remedy.

Mr Conlon started his occupation with accountants KPMG ahead of operating at funding financial institution Morgan Stanley in London.

After a spell on the instrument company Sungard, he based First Derivatives.

He floated the trade at the inventory trade in 2002, at which period it had simply 26 staff and a turnover of not up to £2m, however he remained its unmarried biggest shareholder with a stake of over 20%.

Based on its present proportion value, the company is price about £800m.

In fresh years, he has continuously featured on ‘wealthy lists’ as good points in First Derivatives’ proportion value gave him an estimated wealth of over £200m.

Image caption First Derivatives’ head administrative center is at Canal Quay in Newry

The corporate supplies instrument and products and services to funding banks and different monetary establishments.

It has additionally various into spaces like advertising generation, gaming and the car business.

Many of its staff paintings in monetary centres the world over, however this is a important employer in Newry and Belfast.

It could also be a big graduate recruiter from Northern Ireland’s universities.

Mr Conlon used to be additionally a skilled Gaelic footballer who performed for the County Down senior staff within the 1980s ahead of struggling a significant knee harm.