Interesting story from Business and Finance that reports that Declan Ganley is in the process of setting up a bank with David McWilliams and Constantin Gurdgiev on the board, although McWilliams is publicly denying that he's involved with any bank.
Business and Finance reports that the bank will be a "conservative safe haven for European depositors in the midst of the ongoing financial crisis" which will deposit money in Triple A rated banks around Europe, making a commission for doing so.
The piece on the B&F site goes on to quote Declan Ganley from a press release....
Ganley behind new bank - Business & FinanceUntil the economic crisis is resolved, which require several years, we are advising our clients to be prudent, secure their assets, place their savings with sound institutions, and address the safety of their pensions by considering Switzerland as the best safe haven for declared assets in Europe.
Update at 17.16 - David McWilliam on Twitter is saying he's not on the board of any bank.
And Declan Ganley has tweeted that he's been in touch with B&F asking them to take the article down. TheJournal had a piece up, but they indeed have pulled it.For the record, I am not a board member of any bank, whether in Switzerland or Ireland. But good luck to them, will happen sooner or later.
Though a screenshot from Twitter shows he's one of the four followers of the St Columbanus account on twitter - so he almost certainly knew about it.
Something is amiss where McWilliams is concerned, he's listed on four cached pages of the St Columbanus AG website.
Old version of the St Columbanus account on twitter (Dated 11th March) shows it being followed by 3 people (St. Columbanus AG (StColumbanusAG) on Twitter) the three are Declan Ganley, Constantin Gurdgiev and someone called Jonathan Glicksberg who runs a marketing company called ICON Worldwide. According to their website they've done work for Goldman Sachs, The Financial Times, New York Stock Exchange, AMEX and some pretty big corporates.
Another Google search (screenshot below) reveals some of the text of the piece quoted in the B&F article on the stcag.com website. previously this domain was public it appears, but has since been taken down.
"Declan Ganley, chairman and co-founder of St. Columbanus AG, said the company is focused on the safety of client" this is some of the same text quoted in the Business and Finance article.
Something is definitely up where McWilliams is concerned, whatever was on that website previously, he's been mentioned a few times on the stcag.com website.
May 10th - so it's not a bank, Ganley and Gurdgiev setting up a "Swiss Asset Management Company" according to The Journal. No word on whether David McWilliams is involved.