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Brian McCarthy receives Killarney’s highest honour

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Receiving major national and international awards, in recognition of his remarkable achievements in business, has been part and parcel of Brian McCarthy’s busy life but the latest honour, bestowed on him in Killarney on Thursday afternoon, is one he said he will really cherish.

The founder of financial services giant Fexco has become the latest recipient of the prestigious Order of Inisfallen award which recognises outstanding contributions to the economic development of Killarney, Kerry and its tourism industry.

Mr McCarthy worked with AIB in Killorglin until 1981 before circumstances – in the form of a bank strike – saw him identify a huge opening in foreign exchange.

That initial very small scale operation, catering for the currency swap needs of visitors on the streets of Killorglin, quickly grew to great heights and it led to the foundation of a dynamic financial services company that now employs more than 2,800 people worldwide.

At the Order of Inisfallen investiture at Muckross House, Mr McCarthy was formally presented with the award – a special pin and framed scroll – by Mayor of Killarney, Cllr Maura Healy-Rae, who pointed out that it is the most prestigious honour Killarney can bestow.

“There is no more deserving recipient of the Order of Inisfallen than Brian McCarthy who is acknowledged worldwide as a prominent, dynamic and successful business leader,” she said.

The mayor said he has demonstrated incredible professional and entrepreneurial abilities, instilled confidence within Ireland's business community and played a pivotal role in fostering job growth and economic progress in Kerry and in the country.

“The most impressive thing of all is that, despite the incredible success, Brian McCarthy is still the same humble, genuine and compassionate man today that he was all those years ago when he first dipped his toe into the mainly unchartered territory that was the foreign exchange business.

“Success hasn’t changed him one iota – and that’s the true sign of a great man,” Mayor Healy-Rae said.

The Order of Inisfallen awards scheme is a joint initiative between Killarney Chamber of Tourism and Commerce and Kerry County Council. It was established in 2005 to recognise outstanding contributions by people to the economic development of the town, the county and its tourism industry. Those selected for the honour are invested as Members of the Order of Inisfallen.

The 17 previous recipients include Charles, the King of England, former Taoiseach Enda Kenny, actor Michael Fassbender, entertainer Daniel O’Donnell, industrialist Isolde Liebherr and business personalities Margaret O’Donoghue, Donal Ring and Micheál O’Donoghue.

Other speakers at the award presentation, at which businesswoman Geraldine Rosney was the MC, included the outgoing Chairman of the Muckross House Trustees, Marcus Treacy, and Killarney Chamber of Tourism and Commerce Co-President, Johnny McGuire described Brian McCarthy as one of the greatest entrepreneurs and innovators this country has ever produced.

“Brian is very deserving of this recognition and those of us that have watched his remarkable entrepreneurial spirit come to the fore over the past four decades and more know how worthy he is of every success that comes his way,” Mr McGuire remarked.

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Tree of Light ceremony on Monday

The spectacular 100ft Tree of Light in Killarney, festooned with close on 3,000 lights and topped with a giant star, will again illuminate the town this Christmas with the official […]

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The spectacular 100ft Tree of Light in Killarney, festooned with close on 3,000 lights and topped with a giant star, will again illuminate the town this Christmas with the official switch-on date planned for Monday next, December 8.

The lighting up ceremony will take place after a community Mass in the adjacent St Mary’s Cathedral at 6.15pm and a short prayer service will mark the big switch-on.
The towering Tree of Light is a landmark giant Californian Redwood tree located just outside the main door of the Pugin-designed building.
The project is an collaboration between a sub-committee of Killarney Chamber of Tourism and Commerce and the Killarney parish and it creates a wonderful focal point in the town in the lead up to and during the festive season.
Killarney Parish Administrator, Fr Kieran O’Brien and Christmas in Killarney Chairman, Cllr Niall Kelleher extend a warm invitation to all community groups, schools, clubs and organisations, families and individuals to attend the special Mass next Monday evening or to visit the tree this Christmastime.
The feature star on the spectacular tree will take on an extra special meaning this year as it will be dedicated to the late Donal Grady, a long-serving local councillor and former Mayor of Killarney who worked diligently and passionately for the community.
Donal, who passed away in 2024, was a dedicated public representative who worked with great passion and a real sense of purpose on behalf of his loyal supporters.
Through his work as a long-serving chief fire officer in Killarney, he helped so many families at a time when they most needed assistance and reassurance and he brought a great sense of calm and responsibility to the position
The Tree of Light was first lit to mark the millennium year when it commemorated all those who lost their lives in the conflict in Northern Ireland and it was again illuminated in the mid-2000s to remember those who had been killed on Irish roads.
Since then the project is all about community and it celebrates the fact that Killarney is such a wonderful town to live in.
In the past, the star at the top of the tree has been dedicated to great community activists Johnny Hickey, Yvonne Quill, Paul Coghlan and Rena Kennelly.

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O’Donoghue planning National Rally Championship campaign

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Killarney’s Colin and Kieran O’Donoghue claimed victory in the Modified section of the Killarney Towers Hotel Killarney Historic Rally, delivering a controlled run in their Ford Escort Mk2 to secure Colin’s second win in the category and Kieran’s first.


At the finish ramp outside the Plaza Hotel on Saturday evening, Colin O’Donoghue confirmed he is considering a step into the Triton Showers Motorsport Ireland National Rally Championship next season.

He said he plans to travel to Mayo in March to see how the opening round suits before making a decision.

O’Donoghue set the fastest time on all nine stages to secure the win over second-placed Chris Armstrong/Conor Smith, also in a Ford Escort.


Third place went to Gary McPhillips and Conor Mohan, 17.9 seconds further back in their Escort.


The Modified section also featured the battle for the Carrick Cup, awarded in memory of Mike Gaine to the fastest Kenmare-based crew over Moll’s Gap.


This year it went to Tommy Randles/Darragh Lynch, who set the pace among the local contenders and finished 35th overall.

Randles, a long-serving club official, has hinted this could be one of his final competitive outings.


The best Kerry Motor Club crew was John Michael Kennelly / Dylan Harrington, who took fifth overall in the Modified division.

Dave Slattery / Denis Coffey continued their strong season with 13th overall (Class 6, 4th), while Hugh McQuaid and Rathmore school teacher Declan Casey placed 15th overall and sixth in Class 6.

Other locals included Seán Enright / Kevin Doherty who were Class 3 winners on the recent Thomond Rally and backed that up here with another steady finish in 26th.


Tadhg O’Sullivan /Frank Byrnes, Seán Hartnett/Kieran Doherty, Raymond O’Neill/Jason O’Connor, Cyril Wharton/Donal Falvey and Ray Stack/Gene Stack brought their Escorts home safely inside the top 40.

Gary Healy/Niall Myers, switching from a Civic to a Toyota Twin Cam 20V, took third in Class 5.


Paudie O’Callaghan/Daniel Murphy brought their Starlet home fourth in Class 4.


Noel O’Sullivan/Nicholas Burke, one of the few crews to have contested every Historic Rally since it began in 1996, finished 50th overall.


Killarney father-and-son team Tom and Mark O’Sullivan completed the demanding event in their Peugeot 205 GTi.

Representing Kerry Motor Club, Ken McKenna / PJ O’Dowd reached the finish in their Peugeot 205.

Kevin O’Donoghue / John McElhinney used Super Rally to return to the stages after mechanical trouble, as did Kenmare’s Shane McCarthy / Eamonn Creedon who were among several crews targeting future Carrick Cup success and completed their Honda EG6’s run under Super Rally as well.

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