In a blogpost on here on Tuesday, it was stated that Neil Adair, along with another founder of PBN Property, Patrick Kearney were part of the so-called Maple 10 or Anglo Golden Circle. This is untrue and was corrected on Tuesday shortly after the blogpost was published. In fact, only Patrick Kearney was a member of the Maple 10 as reported by Simon Carswell in the Irish Times in 2011. The blog apologises to Neil and regrets the error.
With respect to Neil’s tenure at Anglo Irish Bank in Northern Ireland, it was stated on here “Neil Adair is the former boss of Anglo in Northern Ireland”. This statement is based on several sources.
The Sunday Business Post referred to Neil in the title of an article – not available online without subscription – “Former Anglo boss’s company owes €370m”.
The Belfast Telegraph has referred to Neil as “a former head of Anglo Irish Bank in Northern Ireland”.
The BBC has referred to Neil as “the former manager of Anglo’s operation in Northern Ireland”.
The BBC has previously reported “It was 1995 when Anglo Irish, which was founded in the Irish Republic in 1964, first took an interest in Northern Ireland. In 2004, Business Eye magazine reported how its chief executive Sean Fitzpatrick, a name now synonymous with Anglo’s collapse, was in Belfast at a business dinner when he bumped into Neil Adair, a fellow chartered accountant. The pair became friendly and not long afterwards, Mr Adair was asked to set up Anglo’s first operation in the northern part of the island. Its apparent success was swift and stratospheric. By 2006, the Belfast outlet held a loan book of almost 1.5bn euros. Its costs base was also running at a fraction of standard industry levels. There were boasts in the press about how it did business much more quickly than its rivals, with bureaucracy at a minimum.” Neil left Anglo in 2005 when he co-founded PBN with Patrick Kearney and Brian McConville.