The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Geoghegan: The accidental banker

An entrepreneur at heart, and with a stint as a girls’ dress shop owner already under his belt, the teenage Geoghegan had his sights set on pursuing a business degree at University College Dublin before a job offer as an HSBC trainee manager threw him off course. Ever the opportunist, Geoghegan imagined his career in banking to be a short-term means by which to fund his next business venture. That his tenure in the industry has lasted the best part of four decades has surprised no one more than Geoghegan himself.

Perhaps his status as an accidental banker informs Geoghegan’s forthright views on the industry, and the people within it, which he sets out here.

erste-q.gif
As possibly the last of an era of CEOs that learnt banking on the job as opposed to joining the industry post-university, would you say you had the best way to learn the business?

geoghegan-talkinghead.gif

My father was a professor of industrial microbiology and I had a place to do business studies at University College Dublin. But when I went to see HSBC, they said to me: "We want you now. We are not sure if we want you in three years’ time. You make that decision yourself". They explained that I was probably worth nothing to them in real management terms in the first five years. I forget the figure they quoted about how much it cost to train me, but they basically thought that having on-the-job training was more valuable than having the degree. Then the whole industry swung – you couldn’t get into financial services unless you had a Masters or a BA at least.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree