Background and Education
Desmond was born in Macroom, Co. Cork in 1950 and grew up in Marino, Co. Dublin. He was educated at Scoil Mhuire, Marino and Good Counsel College in New Ross. Upon leaving school in 1968, he took a junior position with Citibank in Dublin. He then took a job with Pricewaterhouse Coopers in Kabul, Afghanistan. In 1981, he founded the Irish stockbroking company National City Brokers (NCB). He was appointed chairman of the board of Aer Rianta in 1990 under the Haughey government, but resigned in October 1991 amid the scandal over the purchase of the Johnston Mooney & O'Brien site by Telecom Eireann.
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