Abigail with attitude: In memoriam: Padraic Fallon


Abigail Hofman
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In late March, a memorial service was held for Padraic Fallon, the former chairman of Euromoney Institutional Investor, the company that owns Euromoney magazine. Padraic died much too young, at the age of 66, after a battle with cancer.

Padraic’s career bridged the worlds of journalism and business. He was one of the first editors of Euromoney and went on, together with Sir Patrick Sergeant and Richard Ensor, to rapidly expand and eventually list the company. Today the group has a market capitalization of roughly £1 billion.
The service was held at St Bride’s Church in Fleet Street, often dubbed the journalists’ church. Family, friends, colleagues and business contacts came to celebrate the life of this remarkable man.

In the congregation, I saw many senior figures from the financial world, including Dame Helen Alexander, Paul Hearn, Colm Kelleher, David Mayhew, John McNiven, Simon Meadows, Jean Pierre Mustier, Jeremy Isaacs, Ian Plenderleith, Hans-Joerg Rudloff and Paul Tucker. Daily Mail and General Trust is the main shareholder in Euromoney Institutional Investor. Lord Rothermere, chairman of DMGT, spoke warmly about Padraic, both as a mentor and as a man. “We inherit from our fathers, some good, some less good,” he said. “And I inherited Padraic.” Lord Rothermere talked about Padraic “seizing life by the scruff of its neck” and described him as “a man of business with the heart and soul of a poet”. Padraic hired me for Euromoney and schooled me in the Euromoney way of doing things – not only exhorting me to use the Euromoney style guide (which he had drafted himself) but also encouraging me to stick tenaciously to stories that others were wary of writing.

I remember, with a pang, our lunches, where Padraic would lean forward, run his fingers through his unruly mop of white hair and enquire with a gleam in his eye: “What are you hearing, Abigail? What’s going on?” I will miss those lunches, probably for the rest of my life.